Remy Sets Meeting on Proposed Merger
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPendleton-based Remy International Inc. will hold a special shareholder meeting this month to vote on a previously-announced merger agreement involving Fidelity National Financial Inc. and New Holdco Corp. If approved, the deal could close by early next year.
December 1, 2014
News Release
Pendleton, Ind. — Remy International, Inc. (NASDAQ: REMY) announced today that it will hold a special meeting of its shareholders on Wednesday December 31, 2014, to seek approval of the previously announced merger agreement among Remy International, Inc., which we refer to as Old Remy, Fidelity National Financial, Inc., which we refer to as FNF, New Remy Holdco Corp., which we refer to as New Holdco, and several wholly owned subsidiaries of FNF (the Transaction). Shareholders of record at the close of business on November 26, 2014, will be entitled to attend and vote at the special meeting.
In addition to Old Remy shareholder approval, closing of the Transaction is also contingent upon various other closing conditions, which will be further described in the proxy statement/prospectus relating to the special meeting. On December 1, 2014, the New Holdco Registration Statement on Form S-4 and New Remy Registration Statement on Form S-1 were declared effective by the SEC. The Transaction is expected to close on December 31, 2014 or shortly thereafter.
The Transaction will result in the indirect distribution by FNF of its shares of Old Remy to the holders of Fidelity National Financial Ventures (“FNFV”) Group common stock. This structure will result in New Holdco becoming the new public parent of Old Remy. It is anticipated that, immediately following the mergers described in the merger agreement, New Holdco will change its name to “Remy International, Inc.” and its shares will be listed on NASDAQ under the trading symbol “REMY”. Under the organizational documents of New Holdco, the rights of the holders of the common stock of New Holdco will be the same as the rights of holders of Old Remy common stock.
About Remy International, Inc.
Founded by the Remy Brothers in 1896, Remy International, Inc. (NASDAQ: REMY) is a leading global manufacturer and remanufacturer of alternators, starter motors, electric traction motors, and multi-line products, such as constant velocity axles, disc brake calipers, and steering gears. Headquartered in Pendleton, IN, with global operations across five continents and 10 countries, Remy International, Inc. markets products under the Delco Remy, Remy, World Wide Automotive and USA Industries® brands. Known for innovation, efficiency, quality, and best-in-class customer service and support, Remy International Inc.'s products are integrated by leading industrial, specialty, automotive and heavy-duty OEMs, and aftermarket providers worldwide. We Start the World & Keep It Running™.
Source: Remy International Inc.