Fording Canadian (FDG) Shareholders Approve Proposed Sale of Assets to Teck Cominco (TCK)
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Fording Canadian Coal Trust (NYSE: FDG) announced that the Fording securityholders have approved the plan of arrangement respecting the announced sale of Fording's assets to Teck Cominco Limited (NYSE: TCK). The special resolution to approve the transaction received the support of 98.71% of the votes cast by securityholders voting together as a single class and 98.70% of the votes cast by unitholders voting separately. In addition, 98.06% of the units voted at the meeting, excluding units held by Teck and persons related or affiliated with Teck, were voted in favour of the resolution. No notices of the exercise of dissent rights respecting the arrangement were received by Fording.
Fording Canadian Coal Trust (the Trust) is an open-ended mutual fund trust. The Trust does not carry on any active business. The Trust directly and indirectly owns all of the interests of Fording Limited Partnership (Fording LP), which holds a 60% interest in Elk Valley Coal Partnership (Eky Valley Coal).[SM]
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