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Gold/Mining/Energy : Electrohome (EL.X-T,EL.Y-T)Baton Bcast (BNB-T) CTV Event
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To: Ian A. who wrote (29)3/25/1998 4:29:00 PM
From: Scott Mc  Read Replies (1) of 38
 
Ian, in case you are interested, news release, sold 40% of my position today at 19.95. There may be a play after the split on buying the Electrohome stock, should be worth up to $5, will probably trade around $2-3? Scott
Split set for April 1

Electrohome Cl Y NV EL.Y
Shares issued 6,251,260 Mar 24 close $19.70
Wed 25 Mar 98 News Release
Mr John Pollock reports
April 1 1998 is the effective date for Electrohome's plan of arrangement
reorganization. An application will be made to the Ontario Court on March
27 1998 for the final confirming order contemplated by the conditional
approval order which the court made on February 24 1998; as the conditions
set out in the earlier order have been met, it is expected that the
confirming order will be granted.
Shareholders at the close of business on March 31 1998 will become, as from
the effective date, holders of the same number of shares and class of
shares of two public companies: Electrohome Broadcasting Inc, the only
asset of which will be a 16.6% equity investment in Baton Broadcasting
Incorporated; and Electrohome Limited, which will carry on the company's
visual communications business. Each company will be listed on the TSE.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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