Acquisition of QUNO; Closing of the Transaction; Donohue Acquires All Shares of QUNO Corporation.QUEBEC--(BUSINESS WIRE)--March 1, 1996--Mr. Michel Desbiens, President and Chief Executive Officer of Donohue Inc., announces that, following the favourable vote of the shareholders of QUNO QUNO Quaker United Nations Office Corporation at a special meeting held yesterday, Donohue has acquired today all the shares of QUNO for an aggregate consideration of $1.1 billion. DONOHUE INC. is a major Canadian integrated forest products company engaged in forest management to ensure its fibre supply, and the production and sale of newsprint, market pulp and lumber. Its production facilities are among the most modern in the Canadian forest products industry. The Class A Subordinate Voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. and the Class B shares of the company are listed on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . Donohue Inc. is a subsidiary of Quebecor inc. CONTACT: Donohue Inc. Daniel-A. Clement, 418/684-7700 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion