Andrew Peller Limited has mailed meeting materials for a special shareholder meeting on August 11, 2026, to vote on a going-private transaction with Fairfax Financial Holdings Limited. Under the proposed plan of arrangement, a newly formed Fairfax subsidiary would acquire all outstanding Class A and Class B shares not held by certain rollover shareholders for cash consideration of $8.00 per Class A share and $12.00 per Class B share. The arrangement requires approval by at least two-thirds of votes cast by each class, as well as simple majority approval from minority shareholders in each class excluding the rollover group. The Ontario Superior Court of Justice granted an interim order on July 9, 2026, allowing the meeting to proceed, and completion remains subject to shareholder approval, final court approval, and regulatory clearances. The board, following a unanimous recommendation from a special committee of independent directors, recommends shareholders vote in favor of the resolution.
Andrew Peller is the target of a going-private transaction at a fixed cash price, which is positive for shareholders if approved.
Fairfax is the acquirer in a going-private transaction, which is a capital event that could be positive if the deal is accretive.