Amadeusz Juskowiak

Cantrex unit to merge with ontario group

Groupe Cantrex Inc said it plans to merge a new whollyowned subsidiary a merger agreement with CAP Appliance Purchasers Inc of Woodstock Ontario a group of about 400 appliance and electronics retailers

It said CAP shareholders will receive 140700 first preferred Groupe Cantrex shares entitling the holders to receive 605 dlrs per share or the equivilant in class A subordinate voting Cantrex shares

The merger is effective April one and is subject to shareholder approval

Reuter