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TORONTO — The sale of Sleep Country Canada Holdings Inc. to Fairfax Financial Holdings Ltd. has obtained remaining courtroom approval.
The mattress retailer says the approval from the Ontario Superior Court of Justice comes after Sleep Country shareholders earlier this month voted 99.93 per cent in favour of the deal.
Chief government Stewart Schaefer instructed traders after the vote he was happy they authorised the settlement, which he says will unlock shareholder worth.
The $1.7-billion deal will see Fairfax purchase all issued and excellent widespread shares of Sleep Country for $35 per share.
Sleep Country says the deal is predicted to shut on or about Oct. 1, topic to customary closing situations.
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Once the deal is accomplished, Sleep Country will apply to delist from the Toronto Stock Exchange.
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