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

Quebec, Textile Mill Products, Textile Mills, Consoltex Group Inc.

---

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

Land Subdivision and Land Development, Acquisitions & mergers, Subdividers & Developers, Pension Funds, Ontario, Public Empl Pension Funds, Oxford Properties Group Inc., Public employee pension funds, Ontario Municipal Employees Retirement System

---

Similar abstracts:

• Abstracts: Loewen mulls selling firm to boost share value. Noranda Forest to sell mill
• Abstracts: Compaq mulls fate of Digital plant. Com Dev to slash jobs, shut plant in major overhaul. Nortel Networks to close two Canadian plants, sell off eight
• Abstracts: Scotiabank merges investment arms. Scotiabank's Latin obsession
• Abstracts: Philip finds saviour investors. Spar shareholders launch revolt
• Abstracts: Will Bay Networks chief share? Epic CEO resigns after disappointing quarter. ATI in talks to acquire U.S. firm

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.