Dundee offer (December 28, 1992)

An offer for each of the outstanding common shares of Dundee Capital it does not already own will be made by Dundee Bancorp (TSE). Dundee Bancorp, which will offer $7.45 per share, currently has an approximate 50.8% in Dundee Capital. One of the conditions of the offer, Dundee Bancorp says, is that DCC Equities Ltd., an affiliate of Dundee Capital, completes an issuer bid for the 37.6% of its shares owned by minority holders.