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Breaking Flooring News

Amalgamation of Domco Tarkett Inc. approved at special meeting of shareholders

October 31, 2003
At a special meeting of Domco Tarkett Inc., shareholders approved a resolution to amalgamate Domco Tarkett with 4158148 Canada Inc., an indirect subsidiary of Tarkett Sommer. The company resulting from the amalgamation will be named Tarkett Inc.

According to National Bank Trust, scrutineers for the meeting, 99.12 percent of the total shares voted were in favor of the resolution. This completes the privatisation of Domco Tarkett first publicly announced on April 30, 2003. Tarkett Sommer AG (Tarkett AG as of October 1) then communicated its intention to make an offer to acquire all of the issued and outstanding common shares of Domco Tarkett not already owned by Tarkett AG or an affiliate.

Tarkett AG owned indirectly 74.4 percent of Domco Tarkett shares immediately preceding the offer. As a result of the amalgamation, it will own, indirectly, 100 percent of the common shares of Tarkett Inc.

The Toronto Stock Exchange has approved the delisting of Domco Tarkett shares as a consequence of the privatisation, subject to customary conditions. The company will cease shortly to be a reporting issuer under the securities laws across Canada.

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