Judge dismisses suit to delay merger vote True North joins up with Keller Williams Arkansas Index down 13.20 at close Friday | The Arkansas Democrat-Gazette

NEW On the move? Let us read it for you. LISTEN NOW

Your browser does not support the audio element.

Judge dismisses suit

to delay merger vote

A suit by a Uniti Group Inc. shareholder seeking to postpone the upcoming vote on the proposed merger of Uniti and Windstream Holdings Inc. was dismissed with prejudice on Friday.

Shareholder Robert Garfield’s suit contended Uniti and its board of directors, along with Windstream and Windstream Parent Inc., among others, issued a joint proxy statement outlining the sale that did not fully disclose the “questionable economics” of the deal or the board’s “personal financial interests” in promoting the merger.

Both the shareholder and the defendants requested the suit filed in Pulaski County Circuit Court be dismissed with prejudice. Judge Timothy Davis Fox ordered the dismissal, according to court documents. A dismissal with prejudice prevents further litigation on the claim in that court.

Shareholders of Uniti are scheduled to vote online Wednesday on its acquisition of former sister company Windstream Holdings Inc. If approved by shareholders, the $13.2 billion merger between the two Little Rock-based communications companies is expected to close midyear.

The combined company would be the largest independent fiber provider in the nation. It would be led by Uniti’s executives and employ about 10,000.

— John Magsam

True North joins up

with Keller Williams

Keller Williams Market Pro Realty said Friday that True North Realty Group has joined the company.

Mike Duley, operating partner for Keller Williams, said the company is thrilled to welcome True North into the Keller Williams family.

“Their remarkable track record, passion for client success, and dedication to helping people find properties that align with their lifestyle perfectly embody our values,” he said.

Rogers-based True North is licensed in Arkansas, Missouri, Oklahoma, Louisiana and Kansas. The company is an independent brokerage with 27 real estate agents and has helped 231 clients in the past year.

Jeff Clifton, co-owner of True North, said the infrastructure, innovation and agent-centric culture at Keller Williams is what the company needed to expand its vision without sacrificing the service it is known for.

Clifton clarified True North will operate under the Keller Williams umbrella, with the difference being they will be a team under the company rather than their own independent agency.

“For us that gives us a better platform, better processes, better systems, better training than what we felt like we could provide in our growth,” he said.

— Dylan Sherman

Arkansas Index down

13.20 at close Friday

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Friday at 828.71, down 13.20 points.

Only one stock, Uniti Group Inc., was up for the day; the other 12 stocks on the index were down.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

[ad_1]

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}

[ad_2]