Dec 4 (Reuters) - Napec Inc NPC.TO :
* NAPEC INC. ANNOUNCES ACQUISITION BY OAKTREE
* NAPEC INC - DEAL FOR $1.95 IN CASH PER SHARE
* NAPEC INC - DEAL FOR TOTAL TRANSACTION VALUE OF APPROXIMATELY $320 MILLION, INCLUDING ASSUMPTION OF INDEBTEDNESS
* NAPEC INC- TRANSACTION HAS BEEN UNANIMOUSLY APPROVED BY NAPEC'S BOARD OF DIRECTORS
* NAPEC INC - ENTERED INTO ARRANGEMENT AGREEMENT PURSUANT TO WHICH FUNDS MANAGED BY OAKTREE WILL ACQUIRE ALL OF ISSUED, OUTSTANDING COMMON SHARES OF CO
* NAPEC INC - ALL DOLLAR AMOUNTS ARE IN CANADIAN DOLLARS