In January of this year, Eat & Beyond Global Holdings kicked off an arrangement under the Business Corporations Act to undertake an exciting acquisition. In a recent announcement, the company revealed that it has officially acquired all of the issued and outstanding common shares of Mylk Brands, which is the sole shareholder of Fresh Start Beverage Company Banana Wave.
According to a press release, the arrangement was overwhelmingly approved by the shareholders of Mylk at a special meeting of the Mylk shareholders held on March 8, and was subsequently approved by the Supreme Court of British Columbia, Canada, on March 11.
Pursuant to the terms of the agreement, each common share in the capital of Mylk has been exchanged for common shares in the capital of Eat & Beyond. Following completion of the arrangement, Eat & Beyond has beneficial ownership and control over 100 percent of the issued and outstanding Mylk shares.
For more information on the transaction, please read the press release in full here.
We at Deli Market News will continue to keep an eye out for updates like this one, so stick with us.