Consolidated Envirowaste Conditional Offer to Purchase.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 7, 1997-- Consolidated Envirowaste Industries Inc. ("CEI CEI - California Electrical Inspectors CEI - Canadian External Interface CEI - Capital Equipment Inventory CEI - Career Education Institute CEI - Center for Emerging Issues CEI - Center for Entrepreneurship and Innovation (University of Florida) CEI - Central European Initiative CEI - Chiang Rai, Thailand - Chiang Rai (Airport Code) CEI - Cholinesterase Inhibitor CEI - Clean Energy Initiative CEI - Coastal Enterprises, Inc.") (VSE:CWD) wishes to announce that it has entered into a conditional offer to purchase the operating assets of a company located in the midwest United States. The target company Target company Often used in risk arbitrage. Firm chosen as an attractive takeover candidate by a potential acquirer. The acquirer may buy up to 5% of the target's stock without public disclosure, but it must report all transactions and supply other information to the SEC, the exchange the target company is listed on, and the target company itself once the 5% threshold is hit. See: Raider.'s operations are consistent with CEI's core business activities and, upon closing the proposed acquisition, the opportunity will provide CEI with its initial base of operations in this region of the United States. CEI estimates that its due diligence and the activities related to closing the proposed transaction will be completed in approximately 60 days. This news release follows on the September 29, 1997 announcement that CEI has entered into a conditional offer to purchase the shares of a company located in the southeastern United States. CEI continues to be active in identifying strategic acquisitions and joint venture targets in North America and will focus on completing these transactions in order to increase the return to shareholders. -0- Note to Editors: The Vancouver Stock Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release. CONTACT: Consolidated Envirowaste Industries Inc. Douglas R. Halward, 604/856-6836 Toll Free 1-800-667-1942 |
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