Cantrex: buyout offer too low

Article Abstract:

Transamerica Commercial Finance Corp. Canada's C$5-per-share bid for Cantrex Group is too low, according to Cantrex's board of directors. Transamerica Canada, which needs a minimum of 90% of the firm's outstanding shares to accomplish the takeover, made the offer to investors of the biggest retail home furnishings buying group in Canada on Jun. 26, 1998. Quebec Equity Capital and Co., the holder of about 61% of Cantrex's total shares, has already signified its intention to sell its shareholdings before the offer expires on Jul. 15, 1998.

Comment:

Its board of directors has called Transamerica Commercial Finance Corp Canada's C$5-per-share bid its shares as too low

Asset sales & divestitures

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Cantrex adds accessory program

Article Abstract:

Cantrex of Canada has began a decorative accessory gallery program, the Boutique Accessoires, to provide member-stores add-on sales without the need for outsourcing. Boutique Accessoires will feature area rugs, glassware, lamps, pictures and many other items as well as furniture obtained from Cantrex's core suppliers. The program, which will be supported by promotions, is intended for Cantrex's Tendances Meuble network, the Le Meubleur and Meubles Selection banners and other affiliated members.

Comment:

Has began a decorative accessory gallery program, the Boutique Accessoires, to provide member-stores add-on sales

Marketing procedures

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