09:50 AM EST - Lassonde Industries Inc. : has agreed with members of the Pappas family to purchase all of the shares of Clement Pappas and Company, Inc. held by the Pappas family members other than Clement David Pappas, a long-time CPC executive and its current CEO. The purchase price of $21.2 million U.S. is to be paid cash and will be funded out of Lassonde's working capital. Closing of the transaction is expected to occur in May. Lassonde Industries Inc.
shares T.LAS.A are trading up $0.15 at $88.66.
