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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (10982)	11/1/2002 12:09:37 PM
From: Bid Buster	Read Replies (1) \| Respond to of 57110

<So the question for scientists is: What were these bacteria living on before then?> bullish investors?

To: AugustWest who wrote (10982)	11/1/2002 12:11:50 PM
From: AugustWest	Respond to of 57110

Dominion Citrus Limited announces bid for Humpty Dumpty Snack Foods Inc. TORONTO, Nov 01, 2002 (Canada NewsWire via COMTEX) -- Dominion Citrus Limited ("Dominion") (TSX: DMN) today announced its intention to make a securities exchange takeover bid to purchase a majority of the common shares of Humpty Dumpty Snack Foods Inc. ("Humpty Dumpty") (TSX: SNX) (approximately 5,043,501 common shares) on the basis of one common share and one Series A Preference Share of Dominion for each common share of Humpty Dumpty. The value of the securities to be offered will provide Humpty Dumpty shareholders with a 58% premium based on the 20 day average closing stock prices of Humpty Dumpty and Dominion common shares on the Toronto Stock Exchange and the $2.25 issue price of the Series A Preference Shares. The total value of the transaction is estimated to be approximately $17 million . Holders of the Dominion Series A Preference Shares will be entitled to cumulative, floating rate, cash dividends, adjusted and payable semi-annually, based on bank prime rate plus 2% per annum, subject to a minimum dividend rate of 4% per annum and a maximum of 8% per annum. The offer will be subject to normal conditions and regulatory approvals. The offer is not conditional on any minimum number of Humpty Dumpty Shares being tendered. A formal takeover bid circular will be mailed shortly to shareholders of Humpty Dumpty. The offer will expire on December 16, 2002. Dominion is one of Ontario's largest wholesale produce distributors. Dominion imports fresh fruits and vegetables from around the world and distributes them, together with locally grown fresh fruit and vegetables, to grocery and produce retailers and foodservice distributors throughout Ontario and Quebec. Dominion is focused on leveraging the infrastructure of its existing businesses to further diversify and broaden its customer base, geographic coverage, market penetration and product and service offerings. This news release does not constitute an offer to sell securities in any jurisdiction. %SEDAR: 00015306E VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: newswire.ca CONTACT: For further information: please contact Gary Dephoure, Chief inancial Officer of Dominion Citrus Limited, (416) 521-6288 News release via Canada NewsWire, Toronto 416-863-9350 Copyright (C) 2002 CNW, All rights reserved -0- KEYWORD: TORONTO INDUSTRY KEYWORD: FOD * end of story *