Cara Operations Limited Announces Issuer Bid Mailing.TORONTO--(BUSINESS WIRE)--April 29, 1996--CARA OPERATIONS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability .(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME:CAO CAO Cao Cao or Ts'ao Ts'ao (born AD 155, Boxian, China—died 220, Luoyang) Chinese general who, at the end of the Han dynasty, assumed imperial prerogatives. .A) Cara Operations Cara Operations Limited is a Canadian company that provides catering services to airlines and operates several restaurant and coffee shop chains including: Harvey's, Swiss Chalet, Kelsey's , Milestones and Montana's. The company is based across from Lester B. Limited announced today that it has mailed an offer to purchase 10 million of its outstanding Common Shares and 10 million of its outstanding Class A Non-Voting Shares at a price of $5.00 per share in cash. The offer will be open for acceptance by holders of Common Shares and Class A Non-Voting Shares until midnight (local time) on May 21, 1996. The making of this offer was previously announced on April 10, 1996, subject to the receipt of a favourable advance tax ruling from Revenue Canada relating to certain tax consequences of completing the offer. Cara has now received such advance tax ruling. The offer remains subject to the satisfaction of certain conditions in favour of Cara relating to the application of the ruling and certain other customary conditions. Cara Operations Limited is a leader in the Canadian food service industry, whose core businesses include: the Harvey's chain of quick service restaurants featuring char-broiled hamburgers; Swiss Chalet family-style restaurants featuring rotisserie chicken and barbecued ribs; the Airport Services division which provides catering and ancillary services to over 50 air carriers from flight kitchens and facilities throughout Canada, as well as operating restaurants, bars, newsstands and gift shops in major transportation terminals; Beaver Foods which is a leading contract caterer providing food services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and to educational, healthcare, government and business accounts, as well as services to remote work camps and special events; and Summit Food Service Distributors, a full-line wholesaler and distributor operating primarily in southern Ontario and the Ottawa Valley. Cara's shares are listed on the Toronto and Montreal Stock Exchanges Montreal Stock Exchange See Bourse de Montreal, Inc. (Canadian Derivatives Exchange) under the symbols CAO (Voting) and CAO.A (Class A Non-voting). The dealer manager for the offer is CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Inc. The depositary is Montreal Trust Company of Canada. CONTACT: Cara Operations Limited Gabriel (Gabe) Tsampalieros, 416/969-2534 416/969-2547 (Fax) Website: http://www.mcgill.com/~cara/ Email: finance@cara.com |
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