Business
Bonal International, Inc. Board of Directors Received an Amendment to Letter of Intent
Bonal International, Inc. Board of Directors Received an Amendment to Letter of Intent.
About this update from Bonal International, Inc.
[{"type":"text","content":"Bonal International,\nInc.'s (OTC: BONL) Board of Directors received an amendment to the Letter of\nIntent of September 27, 2012 with DePierre Management and Manufacturing, LLC.\nThe amendment alters the structure of the proposed transaction from a stock\npurchaser to a merger, which would therefore include all of the company's\nstockholders in the transaction.\n\nAt a special meeting the Board of Directors approved the amendment. The\namendment was executed on November 6, 2012.\n\nA definitive \"Agreement and Plan of Merger\" will be prepared. If mutually\nacceptable to the Company, its stockholders, and the purchaser, the Board of\nDirectors currently contemplates that it will approve the Agreement and Plan of\nMerger.\n\nOnce approved by the Board of Directors, a Special stockholder's meeting will be\ncalled for the purpose of voting on the Agreement and Plan of Merger. The Board\nof Directors currently expects that the meeting will be held in December. A\nnotice of meeting will be sent to stockholders once the Board of Directors\napproves the Agreement and Plan of Merger.\n","length":1093,"tagName":"div"}]