Fenix Parts, Inc. (Pink Sheets:FENX) announced that its stockholders approved the previously announced merger agreement with Stellex Capital Management LP at a special meeting of stockholders held earlier April 9.
According to the company, approximately 92 percent of voting Fenix Parts stockholders cast their votes in favor of the merger, representing approximately 63 percent of Fenix Parts’ outstanding common stock.
Upon completion of the transaction, Fenix Parts stockholders will receive an amount in cash equal to $0.40 per share of Fenix Parts common stock. The transaction remains subject to customary closing conditions and is expected to close this month, at
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