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2006 September 21 Innicor Subsurface Technologies Inc. Announces Entering into a Pre-Acquisition Agreement with Sondex plc - 09/21/06
CALGARY, ALBERTA, (September 21, 2006) – Innicor Subsurface Technologies Inc. (TSX:IST) is pleased to announce that Innicor and Sondex plc have entered into a pre-acquisition agreement pursuant to which Sondex has agreed to acquire all of the issued and outstanding common shares of Innicor for a cash consideration of $3.75 per share by way of a take-over bid. Innicor has approximately 19.4 million common shares outstanding (on a fully diluted basis) representing a transaction value of approximately $72.8 million. View Entire Article (PDF)