MIC Announces Results of Voting at Special Meeting of Shareholders
22 September 2021 - 2:57AM
Business Wire
- Shareholders approve proposed sales of Atlantic Aviation, MIC
Hawaii
- Vote triggers previously approved reorganization into a limited
liability company
Macquarie Infrastructure Corporation (NYSE: MIC) (“MIC” or
”Company”), today announced the results of shareholder voting on
its proposed sale of its Atlantic Aviation business to KKR and
proposed merger of its MIC Hawaii businesses with an entity managed
by Argo Infrastructure Partners LP (“Argo”).
Company shareholders voted overwhelmingly to approve both
transactions with 99.6% of ballots (including abstentions) cast in
favor of the proposed sales. Votes representing over 67% of the
Company’s shares outstanding were cast.
With support for the sales affirmed, MIC is expected to effect a
previously approved reorganization into a limited liability company
treated as a partnership for tax purposes and to distribute its MIC
Hawaii businesses up to the limited liability company. The
reorganization and distribution of the MIC Hawaii businesses are
expected to be completed on September 22, 2021.
The closing of the sale of Atlantic Aviation to an affiliate of
KKR is expected to occur on September 23, 2021. The merger of the
Company’s MIC Hawaii businesses into an entity managed by Argo is
expected to occur in the first half of 2022.
About MIC
MIC owns and operates businesses providing basic services to
customers in the United States. Its businesses consist of an
airport services business, Atlantic Aviation, and entities
comprising an energy services, production and distribution segment,
MIC Hawaii. For additional information, please visit the MIC
website at www.macquarie.com/mic.
MIC is not an authorized deposit-taking institution for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of MIC do not represent deposits or other liabilities
of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not
guarantee or otherwise provide assurance in respect of the
obligations of MIC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210921005966/en/
Investors Jay A. Davis Investor Relations MIC +1
212-231-1825
Media Lee Lubarsky Corporate Communications MIC +1
212-231-2638
Macquarie Infrastructure (NYSE:MIC)
Historical Stock Chart
From Sep 2024 to Oct 2024
Macquarie Infrastructure (NYSE:MIC)
Historical Stock Chart
From Oct 2023 to Oct 2024
Real-Time news about Macquarie Infrastructure Holdings LLC (New York Stock Exchange): 0 recent articles
More Macquarie Infrastructure Company News Articles