Cascades Inc. Purchases Shares of Paperboard Industries International Inc.KINGSEY FALLS, Quebec--(BUSINESS WIRE)--Aug. 22, 1996--CASCADES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ME, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CAS) ("Cascades") announces that it has purchased 892,200 common shares of its subsidiary Paperboard Industries International Inc. ("PII") for the price of $3.50 per share on August 7, 1996. With this acquisition, Cascades now holds 66 percent (61 percent fully diluted) of the common shares of PII presently issued and outstanding. In commenting on this transaction Mr. Laurent Lemaire, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cascades, pointed out that: "In our opinion the common shares of PII are significantly undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. by the market and at their present price they constitute an excellent investment". CONTACT: Cascades Inc. Laurent Lemaire, 819/363-5110 |
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