TSX Symbol: CH
TORONTO, July 31 /CNW/ - Century II Holdings Inc. (the "Company") confirmed that, on July 30, 2007, Jaguar Financial Inc. ("Jaguar") (TSX: JNI) announced its offer (the "Offer") to acquire all the issued and outstanding shares ("shares") of the Company, not already owned by Jaguar, at a cash price of $6.75 per share. A copy of Jaguar's July 30, 2007 news release with respect to the Offer is available on SEDAR at www.sedar.com under Jaguar's Public Company Documents.
A Special Committee of independent Directors of the Company has been formed. The Special Committee will consider the Offer and provide its recommendation to the Board of Directors of the Company. In accordance with applicable securities laws, the Board of Directors of the Company will, in the form of a Directors' Circular, provide its analysis of the Offer and a recommendation to shareholders as to the adequacy of the Offer in due course. The Directors' Circular will, when filed, be available at the SEDAR website.
This news release is for information purposes only and is not a substitute for the formal offer and take-over bid circular. Copies of the offer and take-over bid circular and other materials relating to the Offer can be obtained, free of charge, when they become available, at the SEDAR website under the Company's Public Company Documents.
This news release may contain statements which are deemed to be "forward-looking statements". Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that Jaguar's Offer will be unsuccessful for any reason. The forward-looking statements contained in this news release are made as of the date of this news release and the Company does not undertake any obligation to update publicly or revise any of the forward looking statements contained in this news release, whether it's a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this news release are expressly qualified with this cautionary note.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
About Century II Holdings Inc. (TSX Symbol: CH)
Century II Holdings Inc. is a publicly listed holding company whose wholly owned subsidiary, ICS Courier, operates a fixed route courier business servicing in excess of 35,000 accounts in the insurance, optical, financial, travel, dental and hearing appliance business sectors across Canada.
%SEDAR: 00002281E