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Element’s Hudson targets institutional investors in ‘entrepreneurial’ split Add to ...

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Steve Hudson is gearing up to attract major institutional investors after shareholders gave Element Financial Corp. the thumbs up on its plans to split.

The fleet management and equipment finance company said Tuesday that a resounding 99.5 per cent of shareholders approved its resolution to separate into two public listings: Element Fleet Management Corp. for fleet management services, and ECN Capital Corp., for specialty equipment finance. It’s a high approval level that surprised executives, even after months of careful and deliberate talks with major stakeholders.

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