TORONTO, Dec. 18, 2018 /CNW/ - Symbility Solutions
Inc. ("Symbility") (TSXV: SY) announced that CoreLogic, Inc.
("CoreLogic") (NYSE: CLGX), through its indirect wholly owned
subsidiary, 2154638 Alberta Ltd., has completed the acquisition of
all of the issued and outstanding common shares of Symbility not
already owned by it or its affiliates for a purchase price of
$0.615 per common share. The
acquisition took place by way of a plan of arrangement under
Section 193 of the Business Corporations Act (Alberta) (the "Arrangement"), which was
approved by the Court of Queen's Bench of Alberta on December
17, 2018. As a result of the Arrangement, Symbility is
now an indirect wholly-owned subsidiary of CoreLogic.
Trading of Symbility's common shares is expected to be halted
until they are delisted from the TSX Venture Exchange on or about
December 20, 2018. Symbility will
also submit an application to cease to be a reporting issuer under
the securities laws of the applicable provinces of Canada.
ABOUT SYMBILITY
Symbility believes in creating world-class experiences that
simplify business and improve lives. With a history in modernizing
insurance claims solutions for the property and health industries,
Symbility has established itself as a partner that puts security,
efficiency and customer experience first. Symbility
PROPERTY™ brings smarter thinking to property insurance. Our
strategic services team, Symbility INTERSECT™ empowers a
variety of businesses with smarter mobile and IoT product
development strategy, design thinking and engineering excellence.
We push industries forward and prove that change for the better is
entirely possible. For more information, please
visit www.symbilitysolutions.com.
LEGAL NOTICE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" about
the Arrangement within the meaning of applicable Canadian
securities legislation. These forwarding-looking statements in
this news release are related to, but are not limited to, matters
with respect to the timing and completion of the post-closing
matters related to the Arrangement. Forward-looking statements
typically contain statements with words such as "expect,"
"anticipate," "believe", "foresee", "could", "estimate", "goal",
"intend", "plan", "seek", "strive", "will", "may" and "should" and
similar expressions.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which reflect Symbility's expectations
only as of the date of this news release. Symbility disclaims
any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise
except as required by law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
All trade names are the property of their respective owners.
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SOURCE Symbility Solutions Inc.