Posted Jun 4, 2010, 1:51 AM
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Moderator
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Join Date: Nov 2005
Location: Toroncouver
Posts: 13,120
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Quote:
Sun Gro Horticulture Income Fund wins court approval to convert structure
By The Canadian Press
VANCOUVER - Sun Gro Horticulture Income Fund (TSX:GRO.UN) said the Supreme Court of B.C. approved Monday a plan to convert the income trust to a corporate structure.
Unitholders of the peat moss producer voted 99.91 per cent in favour last week to convert the trust to a corporation named Sun Gro Horticulture Inc.
The Toronto Stock Exchange has conditionally approved the listing of the Sun Gro Horticulture shares under the symbol GRO.
Sun Gro is a producer and distributor of peat and bark-based growing mixes to plant growers in the U.S. and Canada.
Units in the fund were up seven cents at $3.90 on the Toronto Stock Exchange on Monday.
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http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=b3517671
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