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Article: Arbec responds to Jolina's announcement.
- Article from:
- PR Newswire
- Article date:
- February 3, 2006
CopyrightCOPYRIGHT 2006 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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SAINT-LEONARD, QC, Feb. 3 /PRNewswire-FirstCall/ -- ARBEC Forest Products Inc. ("Arbec") has been informed that Jolina Capital Inc., a holder of approximately 36.3% of the outstanding shares of Arbec on a fully diluted basis, intends to make an all-cash offer to purchase all of the outstanding publicly traded shares of Arbec. Until the Company receives the offer and completes its review, it will not comment on the offer or its contents. The board of directors of Arbec has constituted a committee of independent directors for the purpose of reviewing the offer.
This press release contains forward-looking statements. Forward-looking statements may involve, but are ...