Calnetics announces merger termination.CHATSWORTH, Calif.--(BUSINESS WIRE)--May 7, 1997--Calnetics Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM:CALN), Chatsworth, and Summa sum·ma n. pl. sum·mas or sum·mae A comprehensive treatise, especially in philosophy or theology. [Medieval Latin, from Latin, the whole; see sum1.] Industries (NASDAQ NM:SUMX), Torrance, Calif., announced that they have mutually agreed to a termination of their previously announced agreement for the merger of Calnetics with and into a subsidiary of Summa. Calnetics is a manufacturer of molded plastic bobbins, components, filters, fittings, sheet and tubing that serve the building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . industry, industrial plastics industry and the agricultural irrigation irrigation, in agriculture, artificial watering of the land. Although used chiefly in regions with annual rainfall of less than 20 in. (51 cm), it is also used in wetter areas to grow certain crops, e.g., rice. industry. CONTACT: Calnetics Corp., Chatsworth Trygve M. Thoresen/Clinton G. Gerlach, 818/886-9819 |
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