McIntyre Mines (TSE) recently said that a special shareholders meeting will be held Jan 23, 1989 to consider a statutory plan of arrangement involving McIntyre, its shareholders and Falconbridge Limited (TSE). The meeting had previously been scheduled for Dec 6.
Under the arrangement, McIntyre shareholders other than Falconbridge may elect to receive, in exchange for each McIntyre common share they hold, either cash in the amount of $64 or approximately 2.52 common shares of Falconbridge (or a combination of cash and Falconbridge shares), or to dissent and demand fair value for their McIntyre shares.
The record date for the purpose of determining shareholders entitled to receive notice of the special meeting will be the close of business Dec 19.
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