Cable / Telecom News

Look votes to sell off assets

TORONTO – Look Communication's shareholders voted “overwhelmingly” in support of a plan to sell some or all of its key assets. Approximately 94% of voters approved the sales process and arrangement resolutions, the press release said. The resolutions required the support of 66 2/3 per cent of Look's shareholders. As reported by Cartt.ca, Look received Court approval last month to hold a “special meeting of shareholders” to seek approval of the sale. "We believe our assets should be broken up to realize their maximum value. Through the sales process, it is possible that we could see a series of transactions involving...