Energy Producers Inc., Scottsdale, Ariz., has announced the signing of a letter of intent to acquire Montage Industries Inc., an Arizona-based real estate investment and advisory company, and its wholly owned subsidiaries.Under the tentative terms of the proposed acquisition, Energy Producers would purchase 100% of Montage in a share-for-share exchange that could represent a controlling interest in Energy Producers' outstanding stock, the company said. Energy Producers, which is focused on oil production, said Montage provides direct investment capital or advisory services in exchange for company or property ownership. The purpose of the acquisition is diversification, the company said.
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