- May 17, 2005, pffc-online.com
VANCOUVER, BRITISH COLUMBIA—Creo Inc.’s shareholders have voted to approve Eastman Kodak Co.’s, Rochester, NY, acquisition of the company and also to waive the application of Creo’s shareholder rights plan to the transaction. The 10 current members of Creo’s board of directors also have been re-elected and KPMG re-appointed as the company’s auditor.
As previously announced, Kodak intends to acquire of all of the issued and outstanding common shares of Creo for $16.50 per share, or approximately U.S. $980 million. The transaction is expected to be complete this summer.