Business in the Burbs

Scarborough investors dissolve business

December

Churchill Ventures Ltd. of Scarborough said its shareholders voted today to dissolve the company after it was unable to consummate a business deal for which it was created. Formed in June 2006, Churchill Ventures raised $107.5 million to buy an operating business in the communications, media or technology industries within an 18- to 24-month period.

This entry was posted on Friday, December 19th, 2008 at 3:49 pm by Jerry Gleeson. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Corporate doings, Going out of business, Initial public offerings, Mergers & acquisitions, Raising cash, Winding down

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