GardaWorld says it has also concluded an agreement with the Quebec government through Investissement Quebec for a $300-million strategic investment, at market conditions, by way of a private placement in GardaWorld preferred shares.
The preferred shares are redeemable by the company and entitle the holder to a dividend capitalized annually and payable at the time of their redemption by GardaWorld. GardaWorld CEO Stephan Cretier said in a statement attached to the news release that “the strategic investment enables to acquire high-quality companies like ARCA, and to keep innovating and leading the industry.”
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