This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Sieger Capital Management to acquire Sherbrooke SBK 2009-11-24 05:09 ET - News Release Mr. Georges Guilbault reports SIEGER CAPITAL MANAGEMENT LTD. ANNOUNCES PROPOSED QUALIFYING TRANSACTION WITH SHERBROOK SBK HOCKEY INC.
Sieger Capital Management Ltd. has entered into an agreement in principle dated Nov. 6, 2009, with respect to the proposed acquisition by Sieger of Sherbrook SBK Hockey Inc. (a Quebec-based corporation) (target) either as a wholly owned subsidiary or as part of any amalgamation, merger or similar corporate transaction to be determined, in exchange for common shares of CPC, and which will constitute the qualifying transaction of CPC as such term is defined in Policy 2.4 of the TSX Venture Exchange. The qualifying transaction would not constitute a non-arm's-length qualifying transaction under the exchange policies.
The target company The target is a privately held corporation incorporated under the Canada Business Corporations Act and controlled by Georges Guibault of Sherbrooke, Que. The resulting issuer from the qualifying transaction will operate in the industrial sector. The target was founded in 2008 and is based in Sherbrooke, Que. Its activities consist of developing, producing and distributing sports articles which are exported throughout North America. Some of the target's shareholders and employees are former national hockey league players, namely the president Georges Guilbault (St. Louis Blues) and Jimmy Waite (Chicago Blackhawks). Their professional experience within the hockey world adds credibility and valued experience to the business. The remainder is available to Stockwatch subscribers.
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