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Article: Mach One Corporation Enters Letter of Intent.
- Article from:
- PR Newswire
- Article date:
- September 29, 2008
CopyrightCOPYRIGHT 2008 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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WEST BEND, Wis., Sept. 29 /PRNewswire-FirstCall/ -- Mach One Corporation (Pink sheets: MNCN) ("Purchaser" or the "Company"), announced today that it has entered into a non-binding letter of intent dated September 26, 2008 related to a proposed transaction with Pacific Rim Foods (the "Seller" or "PRF") to acquire all of the outstanding common shares of the Seller.
The proposed transaction is subject to satisfactory completion of due diligence by the Purchaser, the execution of a definitive agreement and the approval of both the board of directors and the shareholders of Seller.
The non-binding terms of the letter of intent provide that all shareholders ...