Pareto Corporation (Toronto:PTO.TO) ("Pareto" or "the Company"), a leading Shopper Marketing company, today announced that it is engaged in exclusive discussions with an affiliate of The Riverside Company regarding the potential sale of the Company to The Riverside Company, the terms and conditions of which are still being discussed and are subject to final Board approvals. No definitive offer has been made at this point and, in the event of an offer, there can be no assurances that a final agreement will be reached. The Company expects an offer, if received, would be at a price of $2.72 per common share.
Assuming successful completion of the acquisition, it has been agreed that the Company's executive team will remain in place and contribute as significant investors in the newly formed private company.
