COMMUNICORP AND MOTIVUS ACQUISITION CALLED OFF
By Adnews Staff
Communicorp Corp. and Motivus Inc. will not be proceeding with an acquisition agreement reached last month. On March 6 Communicorp entered into the agreement to acquire Motivus in a deal expected to be completed by May 30. James Burn, president and chief executive officer of Motivus, said other expansion plans will be initiated. Toronto-based Communicorp is a graphic communications company that provides digital imaging, Web design, marketing and promotional services. Motivus, also based in Toronto, is a branding and marketing communications firm which consists of five divisions: Motivus Advertising, BrandActive, Motivus Digital, Motivus Consulting and Spencer Francey Peters.
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