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People Corp TSX Venture: PEO-X

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Latest Press Releases

People Corporation Announces Completion of Plan of Arrangement
- GlobeNewswire - Thu Feb 18, 12:38PM CST
GlobeNewswire - CMTX
Thu Feb 18, 12:38PM CST
People Corporation (the "Company") (TSX Venture: PEO) today announced the completion of the previously announced plan of arrangement (the "Arrangement"), pursuant to which an entity (the "Purchaser") controlled by certain investment funds managed by the Merchant Banking business of Goldman Sachs & Co. LLC, acquired all of the outstanding common shares of the Company (the "Shares") for C$15.22 in cash per Share, other than certain Shares held by certain senior management shareholders and their affiliates and associates who received, in respect of such Shares, consideration consisting of cash and shares of the direct parent of the Purchaser. The Arrangement, which was announced on December 14, 2020, was approved by the Company's shareholders at a special meeting held on February 11, 2021 and the Company obtained a final order from the Ontario Superior Court of Justice (Commercial List) in respect of the Arrangement on February 12, 2021.
People Corporation Obtains Final Order Approving Plan of Arrangement
- GlobeNewswire - Wed Feb 17, 9:55AM CST
GlobeNewswire - CMTX
Wed Feb 17, 9:55AM CST
People Corporation (the "Company") (TSX Venture: PEO) today announced that the Company obtained a final order on February 12, 2021 from the Ontario Superior Court of Justice (Commercial List) in respect of the plan of arrangement previously announced on December 14, 2020 (the "Arrangement"), pursuant to which an entity (the "Purchaser") controlled by certain investment funds managed by the Merchant Banking business of Goldman Sachs & Co. LLC, will acquire all of the outstanding shares of the Company (the "Shares") for C$15.22 in cash per Share, other than certain Shares held by certain senior management shareholders and their affiliates and associates who will receive, in respect of such Shares, consideration consisting of cash and shares of the direct parent of the Purchaser.
People Corporation Announces Voting Results from Special Meeting of Shareholders
- GlobeNewswire - Thu Feb 11, 1:49PM CST
GlobeNewswire - CMTX
Thu Feb 11, 1:49PM CST
People Corporation (the "Company") (TSX Venture: PEO) today announced the positive outcome of the shareholder ("Shareholders") vote at today's special meeting of the Shareholders (the "Meeting") regarding the plan of arrangement previously announced on December 14, 2020 (the "Arrangement"), pursuant to which an entity (the "Purchaser") controlled by certain investment funds managed by the Merchant Banking business of Goldman Sachs & Co. LLC, will acquire all of the outstanding shares of the Company (the "Shares") for C$15.22 in cash per Share, other than certain Shares held by certain senior management shareholders and their affiliates and associates who will receive, in respect of such Shares, consideration consisting of cash and shares of the direct parent of the Purchaser.
Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Shareholders of People Corporation Vote FOR the Proposed Plan of Arrangement
- GlobeNewswire - Wed Feb 3, 6:00AM CST
GlobeNewswire - CMTX
Wed Feb 3, 6:00AM CST
People Corporation (the "Company") (TSX Venture: PEO) is pleased to announce both Institutional Shareholder Services Inc. ("ISS") and Glass Lewis and Co., LLC ("Glass Lewis") have recommended that holders (the "Shareholders") of common shares (the "Shares") of the Company vote FOR the proposed plan of arrangement (the "Arrangement") with an entity (the "Purchaser") controlled by certain investment funds managed by the Merchant Banking business of Goldman Sachs & Co. LLC. ISS and Glass Lewis are independent proxy advisory firms who provide voting recommendations to institutional shareholders.
People Corporation Announces Financial Results for the First Quarter of Fiscal 2021
- GlobeNewswire - Wed Jan 27, 6:56AM CST
GlobeNewswire - CMTX
Wed Jan 27, 6:56AM CST
People Corporation (the "Company") (TSX Venture: PEO) today announced financial results for the quarter ended November 30, 2020.
People Corporation Files Management Information Circular for Special Meeting of Shareholders and Announces Receipt of Advance Ruling Certificate
- GlobeNewswire - Thu Jan 14, 6:30AM CST
GlobeNewswire - CMTX
Thu Jan 14, 6:30AM CST
Board of Directors Recommends that Shareholders Vote FOR the Arrangement
People Corporation Announces Release Date of First Quarter 2021 Financial Results
- GlobeNewswire - Thu Jan 14, 6:25AM CST
GlobeNewswire - CMTX
Thu Jan 14, 6:25AM CST
People Corporation (TSX Venture: PEO) ("People Corporation" or the "Company"), announces today that it plans to release its financial results for the first quarter ended November 30, 2020 on Wednesday, January 27, 2021 at 6:30 a.m. ET. Given the Company's announcement on December 14, 2020 that it would be acquired by Goldman Sachs Merchant Banking Division, People Corporation will not be holding a conference call to discuss its first quarter financial results.
People Corporation to be Acquired by Goldman Sachs Merchant Banking
- GlobeNewswire - Mon Dec 14, 3:54PM CST
GlobeNewswire - CMTX
Mon Dec 14, 3:54PM CST
People Corporation (the "Company") (TSX Venture: PEO) today announced that it has entered into an arrangement agreement (the "Arrangement Agreement") pursuant to which investment funds managed by the Goldman Sachs Merchant Banking Division (the "Purchaser" or "Goldman Sachs") will acquire all of the issued and outstanding common shares (the "shares") of the Company for $15.22 per share in cash (the "Purchase Price"), representing a total equity value of approximately $1.13 billion (the "Transaction"). The Purchase Price represents a 37% premium to the 20-day volume-weighted average price per share for the period ending on December 11, 2020, and a 36% premium to the closing price on December 11, 2020.
People Corporation Announces its 2020 Financial Results and the Closing of the Previously Announced Acquisition of ASEQ
- GlobeNewswire - Mon Dec 7, 5:30AM CST
GlobeNewswire - CMTX
Mon Dec 7, 5:30AM CST
People Corporation (the "Company") (TSX Venture: PEO) today announced financial results for the quarter and full year ended August 31, 2020. The Company also announced the closing of its previously announced acquisition of Alliance Pour La Sante Etudiante Au Quebec Inc. ("ASEQ").
People Corporation Deepens its Canadian Presence with the Acquisition of Three Benefits Firms in Each of Quebec, B.C. and Alberta
- GlobeNewswire - Mon Nov 30, 6:54AM CST
GlobeNewswire - CMTX
Mon Nov 30, 6:54AM CST
-- Alliance Pour La Sante Etudiante Au Quebec Inc. significantly expands People Corporation's position in the post-secondary student benefits consulting and administration market.

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