BRIEF-Valener Says ISS Has Recommended That Co's Shareholders Vote 'For' Acquisition Of Valener By Noverco

Reuters

Published Jun 03, 2019 07:16

BRIEF-Valener Says ISS Has Recommended That Co's Shareholders Vote 'For' Acquisition Of Valener By Noverco

June 3 (Reuters) - Valener Inc VNR.TO :

* UPDATE ON THE ANNOUNCED TRANSACTION WITH NOVERCO

* VALENER INC - ISS HAS RECOMMENDED THAT VALENER SHAREHOLDERS VOTE 'FOR' ACQUISITION OF VALENER BY NOVERCO INC

* VALENER INC - VERMONT PUBLIC UTILITY COMMISSION ISSUED AN ORDER ON MAY 31, 2019 ESTABLISHING A PROCEDURAL SCHEDULE GOVERNING REGULATORY REVIEW PROCESS

* VALENER INC - AFTER REVIEW, FEDERAL ENERGY REGULATORY COMMISSION CONCLUDED THAT ANNOUNCED TRANSACTION IS CONSISTENT WITH PUBLIC INTEREST

* VALENER INC - IN VIEW OF ONGOING VPCU APPROVAL PROCESS, EFFECTIVE DATE OF ARRANGEMENT IS EXPECTED TO OCCUR AFTER JUNE 30, 2019

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