360 Vox Corp. (
TSX: V.VOX,
Stock Forum) rose 131.2% to 18.5 cents, on news that
Dundee Corp. (
TSX: T.DC.A,
Stock Forum) has agreed to acquire the outstanding shares of 360 that it does not already own.
Dundee and its affiliates currently hold 49 million shares or 18% of the 271.5 million 360 VOX shares outstanding,
the companies said in a press release.
360 VOX is engaged in the business of developing and managing international hotel, resort, residential and commercial real estate projects through its wholly-owned subsidiaries 360 VOX Asset Management Inc., 360 VOX GP, 360 VOX LLC, 360 VOX Developments Inc., and Wilton Properties Ltd.
360 VOX is also engaged in the sales and marketing of real estate through Southeby’s International Realty Canada and Blueprint Global Marketing.