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Chartwell Announces 92% Acceptance Of CPAC 'Care' Holdings Ltd. Take-Over Bid.

Publication: Business Wire
Publication Date: 04-JUL-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MISSISSAUGA, Ontario -- Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) announced today that its indirect cash take-over bid (the "Offer") of $1.55 per common share of CPAC (Care) Holdings Ltd. ("CPAC") has been accepted by holders of more than 92% of the issued and outstanding CPAC common shares, which satisfies the Offer's minimum acceptance condition. As well, it appears that the other conditions to the Offer have...

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