Deal Feed International Reports: Cardia Bioplastics to merge with Stellar Films Group
Under the terms of the proposed merger, Cardia Bioplastics will acquire all of the shares and units issued in Stellar Films and issue ordinary shares in Cardia Bioplastics to the owners of Stellar Films. Following completion of the proposed merger, it is currently anticipated that Cardia shareholders will own 42% of the merged group and the owners of Stellar Films will own 58% of the merged group.
Deal details sourced by the Deal Feed Team from Packaging News. (Opens in new window)
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