Calnetics Shareholders Approve Sale to Summa
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Shareholders at Calnetics Corp. have overwhelmingly approved the sale of the company for $7.35 a share to Summa Industries based in Torrance.
Calnetics, which was headquartered in Chatsworth, is a maker of various plastic fittings and components used in the building materials and agricultural industries.
Calnetics said that 99% of the shares voted were in favor of the deal.
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