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Article: CFM Majestic Inc. Offer to Purchase 3,400,000 Common Shares and Merger Agreement Signed.
- Article from:
- Business Wire
- Article date:
- May 3, 1996
CopyrightCOPYRIGHT 1996 Business Wire. 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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MISSISSAUGA, Ontario--(BUSINESS WIRE)--May 3, 1996--CFM MAJESTIC INC. (TSE: CFM)--CFM Majestic Inc. ("CFM"), announced today that it has mailed an offer to purchase 3,400,000 of its outstanding common shares at a price of $7.535 per share in cash. The offer will be open for acceptance by holders of common shares until midnight (local time) on May 27, 1996.
CFM also announced today that it has signed a merger agreement with the shareholders of Vermont Casting's Inc. ("Vermont") in exchange for 3,400,979 common shares of CFM and the assumption of existing indebtedness. The merger is expected to take effect on or about May 10, 1996.
The making of the offer to ...