Aug 13 (Reuters) - Manac Inc MA.TO :
* To be privatized by a group of QUÉBEC investors led by the dutil family
* Deal for $10.20 in cash per share
* Says transaction represents a total enterprise value of approximately $186
million
* Transaction includes the assumption of existing indebtedness, for 100% of
Manac
* Says termination fee of $3.8 million would be payable to the consortium in
certain circumstances
* Says will maintain its head office and main production plant in the province
of QUÉBEC
* Charles Dutil, CEO, will roll over shares held by his holding company, litud,
and remain president and chief executive officer
* Says board of directors of Manac unanimously recommends that holders of mvs
and svs vote in favour of the transaction
* Transaction has been approved unanimously by the board of directors of Manac
following unanimous recommendation of special committee
* Source text for Eikon ID:nCNWqlCDqa
* Further company coverage MA.TO .