Cedar Group Inc.'s McConnell Dowell tender effective March 9.MONTREAL--(BUSINESS WIRE)--March 14, 1996--Cedar Group Inc. (NASDAQ/NMS:CGMV; VSE See DOS/VSE. VSE - Virtual Storage Extended :CGM (1) (Computer Graphics Metafile) An ISO/IEC standard format for 2D graphics images introduced in 1987. Primarily a vector graphics format for technical illustrations and geophysical visualizations, CGM also supports raster graphics and text. ) today announced that the tender offer filed by Cedar Group Inc.'s Australian subsidiary, Cedar Group Australia Pty Ltd PTY LTD Propriety Limited (company structure in Australia) . to acquire an aggregate minimum of 60% of the ordinary shares of McConnell Dowell Corp., became effective on March 9, 1996. As previously announced, Cedar has already acquired 19.9% from Morrison Knudsen of Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. towards the minimum required of 60%. The tender offer is open for 30 days, ending April 9, 1996. Cedar Group Inc., a Delaware corporation registered in Conshocken, Pa., is an international engineering, infrastructure company, employing advanced materials technology with operations and projects in North America, Europe and Asia. -0- This news release is neither approved nor disapproved by the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . CONTACT: Cedar Group Eric Boyd, 514/634-3550 or Strategic Growth International Stan Altschuler/Richard Cooper, 516/829-7111 |
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