Passage: The investor, Donald A. Wright, plans to run the company, said a spokesman for Kyle. The transaction has been approved by Kyle's board, but requires the approval of the company's shareholders.
What event has already finished? What event has begun but has not finished? What will happen in the future? What happened before the transaction was approved? What happened after the transaction was approved? What might happen after the transaction was approved? What happened before the spokesman for Kyle said something? What happened after the spokesman for Kyle said something?