Goodpack

Goodpack: Scheduled court meeting for scheme of arrangement on 14 Aug at 10am. Recall, Goodpack received the buyout offer from US private equity fund KKR at $2.50/share on 28 May this year. This requires sanction by the High Court and a majority of shareholders jointly owning at least 75% of the company to vote in favour of the all-or-nothing deal. KKR has obtained 32% irrevocable undertaking from largest shareholder David Lam. Upon approval, Goodpack will be compulsorily acquired and delisted.