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Article: CAPRI, CIMNET SYSTEMS SIGN LETTER OF INTENT TO MERGE
- Article from:
- PR Newswire
- Article date:
- August 14, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CAPRI, CIMNET SYSTEMS SIGN LETTER OF INTENT TO MERGE
MINNETONKA, Minn., Aug. 14 /PRNewswire/ -- Capri Corp., a publicly
held blind-pool located in Minneapolis, and Cimnet Systems, Inc., a privately held Chicago-based software developer, announced today that they have signed a letter of intent to merge. The terms of the proposed merger call for the issuance of 9.5 million shares of Capri common stock in exchange for all of the stock of Cimnet. Upon consummation of the merger, current management of Cimnet would assume management of Capri and the members of Cimnet's board of directors would continue as the board of directors of Capri.
The ...
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