Pinnacle Renewable Energy Inc. and Drax Group plc. on March 31 each announced shareholder approval for the planned acquisition of Pinnacle by Drax. The transaction is expected to close in April 2021.  The two companies first announced the planned acquisition in February. Under the agreement, Drax, through its wholly owed subsidiary Drax Canadian Holdings Inc., will acquire all of the issued and outstanding common shares of Pinnacle for C$11.30 in cash per share.  Nearly 96 percent of Pinnacles shares voted in favor of a resolution approving the transaction. Drax shares voted 99.9 percent ...