Avalon Works Corp & Midland Baring Holdings Inc | Update Date: 11/17/08 |
| Date Announced: 10/09/08 |
Value (million $USD): 0.0 million U.S. Dollar 0.0 million Canadian Dollar |
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| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 10/09/08 | | |
| Date Originally Announced | 10/09/08 | | |
| Format | Acq. Part. Int. | Acquisition techniques | Open Market Purchase; Privately Negotiated Purc |
| Attitude | Neutral | Agency | n/a |
| Value | 0.0 million U.S. Dollar 0.0 million Canadian Dollar | Advisor Fees | n/a |
| SYNOPSIS |
| CANADA - Midland Baring Holdings Inc acquired an 11.602% stake, or 7.479 mil common shares, in Avalon Works Corp, a provider of information technology services, for 0.0032 Canadian dollars ($0.003 US) in cash per share, or a total value of C$0.024 mil ($0.021 mil), from 2104280 Ontario Inc, in open market or privately negotiated transactions. |
| TARGET |
| Name | Avalon Works Corp (TSXVenture : AWB) |
| Industries | Prepackaged Software; Computer related services,nec; Data processing services |
| City | Ottawa |
| State | n/a |
| Nation | Canada |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Avalon Works Corp, located in Ottawa, Ontario, provides information technology services including data architecture, database design, Web development, and information security to different industries, such as communications, distribution, finance, government, manufacturing, retail, transportation, and utilities. The company was founded in 1991. |
| Advisors | NULL |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Midland Baring Holdings Inc |
| Industries | Prepackaged Software; Computer related services,nec; Data processing services; Offices of holding companies, nec |
| City | Montreal |
| State | n/a |
| Nation | Canada |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Midland Baring Holdings Inc, located in Montreal, Quebec, Canada, provides information technology services, as well as holding services. |
| Advisors | NULL |
| Acquiror Sales | n/a |
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