Acktion Corporation Company Update.TORONTO--(BUSINESS WIRE)--Oct. 17, 1997--Acktion Corporation (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ACK (ACKnowledgment code) The communications code sent from a receiving station to a transmitting station to indicate that it is ready to accept data. It is also used to acknowledge the error-free receipt of transmitted data. Contrast with NAK. 1. .)(OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :AKTNF.) Acktion Corporation announced today that its wholly-owned subsidiary 3391361 Canada Inc. has acquired 761,000 units of Morguard Real Estate Investment Trust ("Morguard") on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . As a result of this transaction, Acktion Corporation and its affiliated companies, own 3,051,100 units or approximately 13.3 percent of the issued and outstanding units of Morguard. Acktion Corporation is acquiring its interest for investment purposes only. It may purchase additional units to hold up to 20.0 percent of the issued and outstanding units of Morguard. CONTACT: Acktion Corp., Toronto K. (Rai) Sahi, 416/631-5200 416/635-9459 (FAX) |
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