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Gold/Mining/Energy : Shearhart Corporation (SHW) Home and Rural -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (77)	12/30/1999 6:38:00 PM
From: Conky Lives!	Read Replies (2) \| Respond to of 86

From stockwatch: Shearhart Corporation - Shearhart shareholders to tender 66.4% of shares Shearhart Corporation SHW Shares issued 9,011,360 1999-12-29 close $1.29 Thursday Dec 30 1999 Mr. Robert Shearhart reports Shearhart has been advised by Midnorthern Appliance Inc. (formerly Midnorthern Appliance Industries Corporation) that holders of approximately 66.4 per cent of Shearhart's outstanding shares have entered into lock-up agreements agreeing to tender their shares to a formal takeover bid for 100 per cent of the issued and outstanding common shares of Shearhart to be made by Midnorthern on or before Feb. 7, 2000, at a purchase price of $1.58 per share payable in cash. The transaction is subject to certain conditions, including receipt of certain regulatory approvals. Shearhart has engaged the investment banking firm of Global Capital Partners Inc. with respect to this transaction. Midnorthern, a privately held Canadian corporation, was founded in 1959 and for the past 40 years has been the industry leader in major home appliance sales to the new construction and property management trade. In addition, Midnorthern operates two retail stores in Toronto and has two franchise locations in St. Catherines and Niagara Falls. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com