Consoltex offers itself up to suitors
Article Abstract:
Consoltex Group Inc., a Montreal, Quebec-based textile company, is seeking to be acquired brought by its undervalue share price and the ongoing consolidation in the textile industry. Consoltex, the largest textile company in Canada, requires bids at a chief premium to C$5.75, its 52-week high on the Toronto Stock Exchange. Consoltex Chairman and CEO Richard Willett said the company's stock is experiencing depressed share price since it is not liquid. Paul Bamatter, VP of finance at Consoltex, said the company's current share price, which averages at C$3, is not reflective of Consoltex's true value. The company will be worth C$97.8 million if sold at C$5.75 a share.
Comment:
Is seeking to be acquired at a premium to C$5.75 a share, due to its undervalue share price & ongoing consolidation in the ind
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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OMERS boosts holding in Oxford Properties to 12%
Article Abstract:
Ontario Municipal Employees Retirement System (OMERS), one of Canada's largest pension funds, now owns a 12% stake in Toronto, Ontario-based Oxford Properties Group Inc., one of Canada's biggest real estate companies, after acquiring 5.2 million additional shares. OMERS, which owned less than 1% of Oxford before the purchase, bought the shares from Hongkong businessman Peter Chan, who sold over 5.7 million Oxford shares for C$15.50 each. The transaction makes OMERS one of the biggest shareholders in Oxford. Chan was a major shareholder in BurCon Properties Ltd., which merged with Oxford in May 1998.
Comment:
Owns a 12% stake in Oxford Properties Group after acquiring 5.2 mil additional shares from Hongkong businessman Peter Chan
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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