Transamerica takes control of Cantrex

Article Abstract:

Transamerica Commercial Finance Corp. Canada has gained effective control of furniture and home furnishings buying and marketing company Cantrex Group via election of directors during a special stockholders' meeting. Transamerica Commercial controls around 76% of outstanding shares at Cantrex Group, stated Transamerica Commercial President Peter Kelley who will now lead Cantrex Group after the board's size was cut down to six members. Kelley indicated that Transamerica Commercial erquires around 70,000 shares more to make Cantrex Group a private company.

Comment:

Has gained effective control of furniture and home furnishings buying and marketing company Cantrex Group

United States, Asset sales & divestitures, Acquisitions & mergers, All Other Nondepository Credit Intermediation, Financial Institutions NEC, Furniture Wholesale, Furniture Wholesalers, Financial institutions, Article, Transamerica Commercial Finance Corp. Canada

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Cantrex members expect benefits from Sears alliance

Article Abstract:

The members at CantrexEs convention are expecting benefits from the new alliance with Sears Canada. The relevant details regarding its signing on as a Sears credit card store are discussed.

Forecasts, trends, outlooks, Department Stores, Alliances, partnerships, FURNITURE AND FIXTURES, Furniture industry, Alliances and partnerships, Sears Canada Inc., Company business forecast/projection, Company forecasts

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