 |
 | |
 |  |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
Address: 135 Seaview Drive Secaucus, NJ 07094 Phone: (201) 422-0910 Fax: (201) 422-0858 Monday December 7, 1:39 pm Eastern Time Creative Bakeries to merge with Paramark FAIRFIELD, N.J., Dec 7 (Reuters) - Creative Bakeries Inc. (OTC BB:CBAK - news) said Monday it has agreed to sign a letter of intent with Paramark Enterprises Inc. (OTC BB:TJCI - news) to acquire the company, formerly known as T.J. Cinnamons Inc. Terms of the letter of intent were not disclosed. ''The proposed merger will create significant synergies and benefit the strength of each company, affording the opportunity of greater potential for the combined companies to penetrate markets for future product growth and acquisitions,'' said Phil Grabow, president and chief executive officer of Creative Bakeries. The company said the merger is subject to both companies reaching a valuation agreement, as well as to approval by directors of both companies and their shareholders. In September, Paramark sold its T.J. Cinnamons distribution rights and franchise agreements to Triarc Cos. Inc. (NYSE:TRY - news) for $4 million. | ||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |