Remy International says it will hold a special meeting of its shareholders New Year’s Eve and request approval of a previously announced merger agreement with Fidelity National Financial Inc. (FNF).
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.
The transaction will result in the indirect distribution by FNF of its shares of 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, 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.