DDS Wireless International Inc., a world leader in providing wireless data solutions for fleet management, which it has been providing for more than 26 years, today announced the successful completion of its going private transaction, pursuant to which a company owned by Vari Ghai, the Chief Executive Officer and a director of the Company, acquired all of the outstanding securities of the Company that the Purchaser and its affiliates did not previously own by way of a plan of arrangement (the “Arrangement”). The Arrangement was completed following the approval of the Supreme Court of British Columbia and the satisfaction of various conditions precedent to the Arrangement. Total value of the transaction exceeded $30,000,000. Bernard Pinsky and Stewart Muglich acted for Vari Ghai and his company to complete the transaction. For more information, see the DDS Wireless press release.
Subscribe to our newsletters
Stay current on business and legal news, topics and trends
Related Content
Managing Recruitment, Succession and Retirement
There are two general categories or types of pitfalls for employers in the recruitment process. The first relates to the requirements of the Human Rights ... Continued
Samantha Ip’s article featured in CITOP
An extract of the paper "Errors and Omissions Insurance: An Update on Legal Issues" by Samantha Ip, Co-Chair of the Insurance Group at Clark Wilson, ... Continued
Arbitration of Commercial Disputes: A Primer for the Trial Lawyers Association of BC
Trial in a court of law is, of course, the most traditional process for having commercial disputes resolved by an independent decision-maker. However, the civil ... Continued