Circo Craft Mandates Schroder Wertheim to Seek Additional Offers.MONTREAL, QUEBEC--(BUSINESS WIRE)--Aug. 6, 1996--As of its strategy to maximize shareholder value, the Board of Directors of Circo Craft has mandated Schroder Wertheim and Co. Incorporated to seek additional offers for the Company. Schroder Wertheim, an international investment banking firm, is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. arm of the Schroders Group which has operations in 33 countries around the world. Schroder Wertheim has informed Circo Craft that contact has been made with potential interested parties in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia. The Board of Directors has already appointed a special committee of independent directors to advise on the recommendation to be made to shareholders following the take-over bid announced by C-MAC Industries Inc. last week for all of the common shares of the capital of Circo Craft. The special committee of the Board of Directors will also be retaining financial advisors to opine on the offer of C-MAC Industries Inc. from a financial point of view. Circo Craft is a leading North American manufacturer of advanced printed circuit structures, serving major international corporations and large U.S. based contract assembly operations in telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , computer, automotive and industrial electronics. The Company's shares are traded on the Montreal and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol CCC CCC A very speculative grade assigned to a debt obligation by a rating agency. Such a rating indicates default or considerable doubt that interest will be paid or principal repaid. Also called Caa. . CONTACT: Circo Craft Co. Inc. Madeline Gareau, 514/ 694-8400 |
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