Blackline Safety Announces Final Regulatory Approval for Going Private Transaction with Francisco Partners
Blackline Safety Corp. (“Blackline” or the “Company”) (TSX:BLN), a global leader in connected safety technology, today announced that it has received the final outstanding regulatory approval in France for the completion of the previously announced plan of arrangement (the “Arrangement”) with Apollo Purchaser, Inc. (the "Purchaser") an affiliate of Francisco Partners Management, L.P., pursuant to which the Purchaser will acquire: (i) all of the issued and outstanding Shares (other than in respect of certain Shares that were rolled over for equity of the Purchaser or an affiliate thereof (the "Rollover Shares") for up to $9.50 per Share, comprised of $9.00 per Share in cash on closing of the Arrangement plus a contingent value right (a "CVR") of up to $0.50 per Share; and (ii) all of the Rollover Shares for equity of the Purchaser or an affiliate thereof.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260626942759/en/ Blackline Safety headquarters in Calgary, Canada
The Court of King's Bench of Alberta granted the Final Order in respect of the Arrangement on June 15, 2026 and the Arrangement was also approved by Blackline shareholders on June 15, 2026. The Arrangement is expected to close on or about June 30, 2026, subject to the satisfaction or waiver of other customary closing conditions.
