Transcontinental's Marcoux Monetizes Shares, Maintains Family Control
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This financial instrument allows Marcoux's holding companies to monetize approximately 30% of his aggregate participation in Transcontinental shares while retaining effective control of the corporation in the hands of the Marcoux family.
"It has always been important to me to ensure the continuity and long-term stability of our operations for the benefit of our clients, our employees and our shareholders," said Marcoux. "The transaction announced today was designed in a prudent manner to allow both stability in Transcontinental's operations as well as long-term family succession planning."
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- Companies:
- Transcontinental Inc.
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