Industry Deals: Maximizer goes private, Onex has $2B to invest, Redline files IPO, Bioscrypt’s $6 in shares available
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Terence Hui, Chair of the Board of Directors of Maximizer Software will be taking the company public and purchase the remaining 31% of the company, the stock is currently trading at $0.12 on the TSX. Maximizer manufacturer of CRM solutions for SMB and Enterprise based organizations.
Gerald Schwartz, founder of Onex and husband to Heather Reisman who a few years ago he helped create the largest book retailer in Chapter-Indigo has announced his company has $2 billion dollars for you. The company has set up several private equity funds and is looking to aggressively in companies. Since Onex’s launch in 1983, the company has been involved in 200 acquisitions totatlling $30 billion dollars, deals include Celestica and Cineplex Entertainment.
Redline Communications Group has filed papers to proceed with a Canadian IPO, lead by IBC World Markets Inc. and Canaccord Capital Corporation. Redline Communications manufactures broadband wireless products that connect individuals and businesses to the Internet and transport network traffic. The company went public in December 2006 on The Alternative Investment Market (AIM) of the London Stock Exchange (LSE).
Bioscrypt Inc. (TSX: BYT), a leading provider of identity and access management solutions, is looking to raise additional capital though a “bought deal” finance agreement where the company will issues 12,000,000 shares at a price of $0.50 per unit. The capital raised will help the company with general working capital.
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Oct 2nd, 2007 at 1:57 pm
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