East Rutherford, NJ – December 1, 2020 – Ltd. (NYSE: HUD) (“” or “Company”) today announced that it has completed the previously announced merger with Dufry AG (“Dufry”).
The closing of the transaction earlier today follows a special general meeting of ’s shareholders held virtually on November 30, 2020, where ’s shareholders voted to approve and adopt the Merger Agreement and the related Statutory Merger Agreement between , Dufry AG and Dufry Holdco Ltd., and the transactions contemplated thereby, including the merger, by 98.59% of the votes cast at the meeting.
Following shareholder approval and pursuant to the terms of the Merger Agreement, became an indirect wholly owned subsidiary of Dufry. ’s Class A shareholders are entitled to receive $7.70 in cash for each Class A share held.
In connection with the completion of the merger, trading in ’s Class A common shares on the New York Stock Exchange has been suspended with immediate effect and the shares will be delisted in approximately 10 days.