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West 49 shareholders approve sale to Billabong
By TIFFANY MONTGOMERY
August 24, 2010 10:03 AM
August 24, 2010 10:03 AM
West 49 shareholders approved the sale of the company to a subsidiary of Billabong International Limited today.
West 49 said that 99.9% of shareholders approved the sale, priced at (Canadian) $1.30 for common and preferred shares.
The two parties will seek final court approval of the sale on Thursday, and the deal is expected to close in late August or early September.
West 49 operates 138 mostly mall-based stores in Canada.
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