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TCP Merges with Quality Light Source

TCP Merges with Quality Light Source

AURORA, Ohio — TCP International Holdings, Ltd. (TCP) announced that more than 90 percent of TCP’s outstanding common shares voted to approve the adoption of the merger agreement with Quality Light Source GmbH, an entity affiliated with Ellis Yan and Solomon Yan. The transaction is expected to close in the first quarter of 2018. Upon completion of the transaction, TCP shareholders will receive $1.00 in cash per share.

“We are pleased with the outcome of today’s extraordinary general meeting, and I want to thank TCP’s shareholders for their support,” said Brian Catlett, CEO of TCP. “We look forward to completing the merger with Quality Light Source GmbH expeditiously.”

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