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Cascades Inc. Signs Letter Of Intent.


KINGSEY FALLS, Quebec--(BUSINESS WIRE)--June 20, 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.
. (TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
,ME:CAS) Cascades Inc. ("Cascades") announces that it has signed a letter of intent with Sealed Air Sealed Air Corporation(NYSE: SEE) is a company that makes a variety of packaging materials, systems and equipment. Its brands include Bubble Wrap, Cryovac, Instapak, Shanklin and Jiffy Mailer. They have recently moved headquarters to Elmwood Park, New Jersey.  Corporation of Saddle Brook, New Jersey Saddle Brook is a township in Bergen County, New Jersey, United States. As of the United States 2000 Census, the township population was 13,155.

Saddle Brook adopted its current name on November 8, 1955, replacing Saddle River Township.
, for the sale of Cascades' 50 percent ownership interest in Cascades Sealed Air Inc.

The remaining 50 percent of Cascades Sealed Air Inc. is already owned by Sealed Air Corporation. The transaction is subject to normal conditions including due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , signature of a definitive Share Purchase Agreement and Board approvals. The terms of the agreement were not disclosed.

Cascades Sealed Air Inc. operates two plants located in Drummondville (Quebec) and Dunnville (Ontario) specializing in the manufacture of various polyethylene foam products for packaging, transportation, construction, insulation and recreation.

Sealed Air Corporation's main activity resides in the manufacture and sale of a complementary line of protective and specialty packaging materials and systems as well as selected food packaging products.

CONTACT: Cascades Inc.

Robert F. Hall, 819/363-5116
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 20, 1996
Words:159
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