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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: Wright Reports

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ProTek Capital, Inc. Acquires Artfest International, Inc.

Friday, 14 Jun 2013 08:32am EDT 

Artfest International, Inc., and ProTek Capital, Inc. announced that the management of both companies reached a definitive agreement on the structure and share exchange. ProTek Capital Inc., will acquire Artfest International by paying a dividend to all Artfest shareholders with ProTek shares on a one to one exchange. In addition, ProTek agreed to issue a special series of preferred shares for the exchange to those shareholders who wish to surrender their common shares for the preferred. This exchange will have a final record date for completion of September 30th, 2013. The preferred exchange will also be offered to current ProTek shareholders for the purpose of reducing the outstanding shares. 

Company Quote

-1.0E-4 -50.00%
22 Aug 2014