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Approval of the amalgamation of BV! Media with a subsidiary of Rogers Media


//science-technology.news-articles.net/content/2 .. -bv-media-with-a-subsidiary-of-rogers-media.html
Published in Science and Technology on Wednesday, September 29th 2010 at 12:00 GMT by Market Wire   Print publication without navigation


MONTREAL, Sept. 29 /CNW Telbec/ - BV! Media Inc. (TSX-V: - BVM, "BV! Media") is pleased to announce that, at a special meeting of shareholders of BV! Media held earlier today, the shareholders of BV! Media approved the previously announced acquisition of all of the issued and outstanding common Shares of BV! Media Inc. for $0.40 in cash per share by Rogers Media Inc. ("Rogers Media"). The special resolution was approved by 99.96 % of the votes cast by holders of common shares at BV! Media's special meeting of shareholders.

No shareholders exercised their dissent right.

The transaction will be effected by way of a statutory amalgamation of BV! Media with 7557175 Canada Inc., a wholly-owned subsidiary of Rogers Media. Under the transaction, the shareholders of BV! Media will receive redeemable shares which will then immediately be redeemed for $0.40 in cash per share, and BV! Media will become a wholly-owned subsidiary of Rogers Media. Subject to satisfaction of customary conditions, it is anticipated that the transaction will close on or about October 1, 2010.

About BV! Media Inc.

BV! Media is a leading Canadian Internet advertising network, representing exclusively over 400 top-tier publishers with a combined reach of over 15 million unique visitors per month in Canada, and the publisher of the BRANCHEZ-VOUS! news and information portal.

BV! Media is listed on the TSX Venture Exchange under the symbol BVM and has approximately 60.5 million shares outstanding. Additional information on BV! Media can be obtained on SEDAR and at [ www.bvmedia.ca ].

Neither the 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.



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