Boralex Receives Regulatory Clearance For Acquisition Of Boralex Power Income Fund

Boralex Inc. has received regulatory clearance from Canada's commissioner of competition, who has issued an advance ruling certificate pursuant to the Competition Act, in respect to the acquisition of Boralex Power Income Fund by 7503679 Canada Inc., a wholly owned subsidiary of Boralex.

In addition, the pre-merger notification office of the U.S. Federal Trade Commission (FTC) has notified Boralex's legal advisors that the FTC has granted Boralex's request for early termination of the Hart-Scott-Rodino Act's 30-day pre-merger waiting period with respect to the acquisition.

As a result, all material conditions to the acquisition have been satisfied, except for the completion of the offer period on June 28, and the tendering of a sufficient number of units to satisfy the required threshold prior to such time.

SOURCE: Boralex Inc.