Coretec Inc. (TSX: CYY) has announced that its shareholder voted over 99% in favor of a special resolution approving the acquisition of Coretec by DDi Corp at a special meeting held on December 29, 2009. DDi will acquire all of the common shares of the company at a price of $0.38 per common share. The plan still remains subject to the approval of the Ontario Superior Court of Justice. The transaction is expected to close around December 31, 2009.
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About Coretec
Coretec is one of the leading designers and fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American and European markets.
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