Mexico’s Alpek will hold an extraordinary shareholders’ meeting on Nov. 25 to vote on the proposed merger with its parent company, Controladora Alpek, the company said in a filing on Wednesday.
The meeting is scheduled for 12:00 p.m. local time (1800 GMT) on November 25, Alpek said in a statement.
Shareholders must register their shares through their custodian to be eligible to vote.
The company requires a 75% quorum of shareholders to convene the meeting.
Alpek said it expects the transaction to benefit all shareholders and boost long-term value.