Supremex Inc. Mails Takeover Offer for CML Industries

Supremex Inc. mailed its formal takeover offer to the holders of common share of CML Industries Ltd. on June 13, 2000. The offer, which is being made through a wholly-owned subsidiary, 1418245 Ontario Inc., is pitched at a price of $6.00 per common share, valuing the deal at approximately $25 million.

McCarthy Tétrault is representing Supremex with Martine Kaigle, Patrick Boucher and Benoit Dionne leading the team. Stephen K. Young of Aird & Berlis is representing CML. In-house counsel for Supremex is G.E. (Ted) Creber, Q.C.