Rainmaker To Complete Acquisition of Mainframe
Rainmaker Animation & Visual Effects has entered into an agreement to acquire all of Mainframe Ent., with the new corporate name to be Rainmaker Ent. Inc. (REI).
This was the result of Rainmaker acquiring the balance of the 38% of the outstanding shares of Mainframe not owned by Rainmakers majority owned subsidiary, RNK Capital Ltd. Partnership (RNK Capital LP), by way of an amalgamation, resulting in a cash purchase price of $0.24 per share.