Canadian bakin': Circuit World, MPC in action. (Around The World / Manufacturing).TORONTO AND CALGARY -- Merger talk was cooking in Canada last month as a pair of PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. companies changed hands. In one deal, Circuit World (circtwrld.com) acquired Firan Technology Group in a stock swap deal, creating a PCB company with combined sales of C$50 million for fiscal 2002. Circuit World's shareholders have approved the deal, which was expected to close in early July. The buyout, Circuit World said, will make it the leading supplier of printed circuits to the Canadian aerospace and defense industries. Circuit World will issue 8.5 million common shares, or 49% of its outstanding 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. , to Glendale. In the second, ESS Capital Inc. signed a letter of intent to buy Ottawa-based PCB maker MPC (1) (Mobile PC) A handheld or laptop computer. See handheld computer, laptop computer and Ultra-Mobile PC. (2) (MultiPath Channel) See multipath. Circuits for C$665,000 in stock. Pending approval of the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. , ESS will issue 2.26 million common shares, priced at C$0.25 per share, plus $100,000 in cash. ESS will also assume MPC's consolidated long-term debt of $204,000. MPC will change its name to Centillion cen·til·lion n. 1. The cardinal number equal to 10303. 2. Chiefly British The cardinal number equal to 10600. Industries Inc. For the year ended Dec. 31, MPC posted revenues of C$2.79 million and a net loss of C$243,089. Through the March quarter, MPC had pro-forma total assets of $2.1 million, long-term debt (less current portion) of C$204,018 and C$1.3 million in total liabilities. Working capital was C$99,094. |
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