Arbatax International Inc. announces agreement to increase stake in CVD Financial Corp.ZURICH, Switzerland--(BUSINESS WIRE)--June 27, 1996--Arbatax International Inc. (Nasdaq 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. :ATANF) announced today that it has agreed, subject to certain conditions, to acquire preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. in CVD CVD Cardiovascular disease, see there Financial Corp. for $6 million (U.S.). Arbatax currently owns approximately 35% of the issued common shares of CVD. Arbatax International Inc. is an international financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company. CONTACT: ARBATAX INTERNATIONAL INC. Michael Smith President Rene Randall, Corporate Relations (604) 683-8286 or Morgen-Walke Associates (212) 850-5600 June Filingeri/Cara Thompson Media Contact: Stan Froelich |
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