Transamerica bids $C22M for Cantrex

Article Abstract:

Transamerica Commercial Finance Corp., a financial company headquartered in Canada, has offered a C$22-million or C$5-per-share bid for Cantrex Group. The deal will allow Transamerica to diversify into another business and provide new opportunities for growth, according to company president Peter Kelly. Transamerica, a subsidiary of San Francisco, CA-based Transamerica Corp., provides inventory financing and related services to retailers in Canada. Cantrex is a provider of merchandising and marketing programs to affiliated and independent retailers and an operator of banner programs such as Tendance Meubles and Mattress World.

Comment:

Has offered a C$22-million or C$5-per-share bid for Cantrex Group

Asset sales & divestitures, Acquisitions & mergers, All Other Nondepository Credit Intermediation, Short Term Business Finance, Short term business financing, Article, Transamerica Commercial Finance Corp.

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Lalonde will leave Cantrex

Article Abstract:

Cantrex Group's president and chief executive officer, Claude Lalonde, is resigning from his posts. The resignation of Lalonde will go into effect on February 23, 2001.

Executive changes & profiles

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Cantrex purchases rise 15% in 2000

Article Abstract:

Cantrex Group posted an increase of 15% in purchases for the 2000 year. The group posted just under 750 million Canadian dollars in purchases for the year.

Sales, profits & dividends

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