Ontario's Superior Court of Justice has issued its final order approving Schneider Power Inc.'s previously announced plan of arrangement under the Business Corporations Act. Under the plan, Quantum Fuel Systems Technologies Worldwide Inc. will acquire all of the issued and outstanding common shares of Schneider Power, a Toronto-based developer of wind and solar energy projects.
As a result of the transaction, shareholders of Schneider Power will receive 0.236 of a common share of Quantum for each common share of Schneider Power.
SOURCE: Schneider Power Inc. Â
