Mark IV shareholders approve acquisition by MIV

AMHERST, N.Y. (Sept. 8)—Shareholders of Mark IV Industries Inc. Sept. 7 approved the supplier´s acquisition by BC Partners affiliate, MIV Acquisition Corp., setting the course for its privatization. The deal should be finalized later this month, subject to receipt of committed financing and regulatory approval. Under terms of the agreement, MIV will pay $23 per share $1.05 billion and assume $950 million worth of debt, making the deal worth an estimated $2 billion.