Pharma Investments, Ventures & Law Weekly
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MonArc Corporation MONA
MonArc Corporation MONA:PK Signs LOI to acquire Industrial Manufacturer
January 11th, 2009
MonArc Corporation http://www.monacorporation.com/ (MONA.PK) announced that it has signed a letter of intent to acquire a small North American industrial manufacturing facility. The current economic downturn has created an opportunity for others, explained Mr. Garr Winters, the company's secretary, corporate advisor, and chief expansion director. Mr. Winters said, "The transaction will be completed on all cash basis. This is a small manufacturing facility of specialized industrial solvents. We have reached a tentative deal with the secured creditor. This bank is adamant that the transaction close on or before January 5 2009 for their own internal reasons. To that end it is safe to say that...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-11)
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