Constellation Software Inc. Files Final Prospectus and Declares Dividend in Connection with Proposed Lumine Group Spin Out

Feb 07, 2023

TORONTO, Feb. 06, 2023 (GLOBE NEWSWIRE) -- , February 6, 2023 -- As previously announced, on December 12, 2022, Constellation Software Inc. (“Constellation”) (TSX:CSU, Financial) and its subsidiary Lumine Group Inc. (“Lumine Group”), entered into a binding agreement and plan of merger with WideOrbit Inc. (“WideOrbit”) to purchase 100% of the shares of WideOrbit, a U.S.-based media vertical market software provider. In connection with the anticipated closing of the acquisition and the subsequent public listing of the subordinate voting shares of Lumine Group, Lumine Group will be spun out of Constellation and will operate as a separate publicly traded company. WideOrbit will become a wholly owned subsidiary of Lumine Group and will operate as an autonomous business unit within the Lumine Group’s portfolio of companies.

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