180 Connect shareholder offers to buy company for cash and stock

By Lisa Kerner

Charlotte, N.C., Feb. 19 - 180 Connect Inc. investor Creative Vistas, Inc. proposed acquiring all of the issued and outstanding capital stock of the company in a Feb. 13 letter, it was reported in a schedule 13D filing with the Securities and Exchange Commission.

Creative Vista would offer $3 per share payable half in cash and half in Creative Vistas stock.

The transaction would be subject to due diligence, negotiation and execution of a definitive agreement and approval from 180 Connect shareholders.

Creative Vistas beneficially owns 3,124,407 shares, or 13.6%, of the company's outstanding stock.

180 Connect, located in Englewood, Colo., provides installation, integration, and fulfillment services to the home entertainment, communications and home integration service industries.

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