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Mattr Announces Expiration of HSR Act Waiting Period for AmerCable Acquisition and Conversion of Debt Subscription Receipts

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Mattr Announces Expiration of HSR Act Waiting Period for AmerCable Acquisition and Conversion of Debt Subscription Receipts - Benzinga

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TORONTO, Dec.24, 2024 (GLOBE NEWSWIRE) -- Mattr Corp.("Mattr" or the "Company") (TSX:MATR) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), applicable to Mattr's previously announced agreement to acquire AmerCable Incorporated ("AmerCable"), has expired.

With the regulatory approval under the HSR Act secured ("HSR Approval"), Mattr expects the balance of the conditions to closing of this transaction to be achievable within a timeline which will permit completion of the transaction on or about January 2, 2025.

Under the terms of the contemplated transaction, upon closing, Mattr will acquire all of the outstanding shares of AmerCable from Nexans USA Inc.(EPA:NEX) for ...

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets:

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-24 @ 12:30:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 385 words

Reading Time: 3 minutes read

Sentences: 12 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 24638727

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