Clarke Inc. Announces Proposal to Privatize Supremex Inc.

About this update from Clarke Inc.

[{"type":"text","content":"\n\n\n\n\n\nHALIFAX, March 25, 2013 /CNW/ - Clarke Inc. (\"Clarke\") (TSX: CKI CKI.DB.A) announced today that it has delivered to Supremex\n Inc. (\"Supremex\") a proposal (the \"Proposal\") to acquire all of the outstanding shares of Supremex not already\n owned by it or its affiliates for a purchase price of $1.20 per share\n by way of a shareholder and court approved plan of arrangement.\n\n\nClarke updated its early warning report to reflect the delivery of the\n Letter of Intent. Clarke and its affiliates currently hold 13,094,200\n shares of Supremex, representing approximately 45.1% of the total\n outstanding shares.\n\n\nClarke has indicated in the Proposal, among other things, that it does\n not require an exclusivity period during which Supremex would be\n precluded from discussing strategic transactions with third parties but\n that Clarke will be reluctant to consider acquisition proposals for\n Supremex from third parties.\n\n\nAbout Clarke\n\n\nHalifax-based Clarke invests in a variety of private and publicly-traded\n businesses and participates actively where necessary to enhance\n performance and increase return. Clarke's securities trade on the\n Toronto Stock Exchange (CKI; CKI.DB.A); for more information about\n Clarke, please visit our website at www.clarkeinc.com.\n\n\nForward-Looking Statements\nThis press release may contain or refer to certain forward-looking\n statements relating, but not limited to, Clarke's expectations,\n intentions, plans and beliefs with respect to Clarke. Often, but not\n always, forward-looking statements can be identified by the use of\n words such as \"plans\", \"expects\", \"does not expect\", \"is expected\",\n \"budget\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does\n not anticipate\", or \"believes\", or equivalents or variations, including\n negative variations, of such words and phrases, or state that certain\n actions, events or results, \"may\", \"could\", \"would\", \"should\", \"might\"\n or \"will\" be taken, occur or be achieved. These forward-looking\n statements include, but are not limited to, statements regarding the\n trading price of the Company's securities not fully reflecting the\n value of the Company's business.\n\n\nForward-looking statements rely on certain underlying assumptions that,\n if not realized, can result in such forward...

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