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Matrix Composites & Engineering Calls Shareholder Meeting to Vote on Advanced Innergy Deal

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Matrix Composites & Engineering (ASX:MCE) said Australia's Federal Court ordered the company to convene a shareholder meeting to vote on Advanced Innergy Holdings' (ASX:AIH) proposed acquisition of Matrix, according to a Wednesday filing with the Australian bourse.

The court also approved Matrix distributing an explanatory statement with details on the scheme of arrangement. The booklet will be released on June 4.

Matrix has scheduled the shareholders' meeting for July 6. The company's board continues to unanimously recommend that shareholders approve the deal.

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