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Press releases

May 11, 2017

The Fonds de solidarité FTQ announces its support for the going-private transaction of Canam Group Inc.

On April 27, 2017, Canam Group Inc. (the “Corporation”) announced that it had entered into a definitive agreement pursuant to which members of the Dutil family (collectively, the “Dutil Shareholders”) and American Industrial Partners (“AIP”) will acquire, directly or indirectly, all of the issued and outstanding common shares of the Corporation, except for approximately 4.7 million shares already owned by the Dutil Shareholders which the Dutil Shareholders will roll over in connection with the transaction for a price of $12.30 per share in cash (the “Transaction”) under a statutory plan of arrangement pursuant to the Business Corporations Act (Québec) (the “Arrangement”).

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.