Axia sale approved by shareholders

CALGARY - Axia NetMedia Corporation has received shareholder approval for its going private transaction.Axia NetMedia announced in March that it had entered into an arrangement agreement under which Digital Connection (Canada) Corp., an entity which is owned by investment vehicles managed and/or advised by Switzerland-based Partners Group, has agreed to indirectly acquire all of the outstanding common shares of Axia for a cash payment of $4.25 per share, representing total equity value, on a fully diluted basis, of approximately $272 million.Axia said Friday that deal was approved by shareholders at a special meeting held earlier in the day.The deal is subject to various...