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Monday, November 18, 2013

BRIEF-Novik announces LOI regarding proposed acquisition by Clearview Capital, (CVE: NVK.V)

Novik Inc : * Announces letter of intent regarding proposed acquisition by clearview capital * Says aggregate purchase price of about $45 million * Clearview Capital to acquire all issued and outstanding common shares of co

Novik Inc. (Novik) is engaged in the design, manufacturing and marketing of new polymer exterior covering and roofing products and a variety of exterior structural and utility decorative products for the residential and commercial construction and home improvement industry. Shares of NVK remained unchanged at $0.80. In the past year, the shares have traded as low as $0.21 and as high as $0.81. On average, 22228 shares of NVK.V exchange hands on a given day and today's volume is recorded at 16062.