TORONTO, Feb. 4 /CNW/ - Glencoe Skydome Holdings, L.P. ("GSH") announces
that it has acquired 223,900 common shares of Polyair Inter Pack Inc.
("Polyair") (TSX: PPK) bringing its total holdings in Polyair to 3,626,412
common shares representing approximately 51.82% of the total outstanding
shares of Polyair. The acquisition was made pursuant to an exemption from the
takeover bid requirements under applicable securities laws.
The purchase of the Polyair shares by GSH was made through private
transactions for investment purposes. GSH may, from time to time, acquire
additional shares of Polyair, dispose of some or all of the existing or
additional shares of Polyair, or continue to hold the shares of Polyair in the
normal course of GSH's investment activities.
For further information:
For further information: For further information (and to obtain a copy
of the report to be prepared by GSH in accordance with Canadian securities
laws), please contact Beth Satterfield, (312) 795-6300, c/o Glencoe Capital,
LLC, 222 West Adams Street, Suite 1000, Chicago, IL, 60606