CFC International, a manufacturer of holographics and specialty coated films based in Chicago Heights, IL, announced it entered into a letter of intent to merge the company with an affiliate of the Audax Group.

CFC CFC

See: Controlled foreign corporation International, a manufacturer of holographics and specialty coated films based in Chicago Heights Chicago Heights, city (1990 pop. 33,072), Cook co., NE Ill., S of Chicago; settled in the 1830s, inc. as a city 1901. It is an industrial community where steel, transportation equipment, metal products, tiles, and chemicals are manufactured. Prairie State College is there. , IL, announced it entered into a letter of intent to merge the company with an affiliate of the Audax Audax may mean:

Audax (cycling), long distance endurance bicycle rides
Audax Club Sportivo Italiano, a Chilean football club based in the city of Santiago
''Audax, Ditalcus and Minurus, was one of the assassins of the Lusitanian leader Viriathus during the Roman

Group. Audax is a private equity firm, for an enterprise value of $109.4 million or up to $20 per share. The transaction is expected to be completed by the third quarter of 2005 and is subject to several conditions.

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Title Annotation:	BUSINESS DIGEST
Publication:	Wood & Wood Products
Geographic Code:	1USA
Date:	Jun 1, 2005
Words:	73
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