Timeposters Inc

Office supplies company Day Runner Inc. said it has acquired Timeposters Inc. for about $2.5 million in cash. Based in Toronto, Timeposters is a privately held developer, manufacturer and marketer of planning and presentation products, including flexible planners, planning boards, other wall boards and easels. In addition to the cash purchase price, Day Runner said it may make contingent payments over the next two years, based on Timeposters' operating performance during that period.

Office supplies company Day Runner Inc. said it has acquired Timeposters Inc. for about $2.5 million in cash. Based in Toronto, Timeposters is a privately held developer, manufacturer and marketer of planning and presentation products, including flexible planners, planning boards, other wall boards and easels. In addition to the cash purchase price, Day Runner said it may make contingent payments over the next two years, based on Timeposters' operating performance during that period.

Day Runner Inc., an Irvine maker of organizers and daily planners, said Thursday it has made an unsolicited $80.5-million bid to buy British competitor Filofax Group Plc. The proposed acquisition of Filofax, which would be by far Day Runner's largest acquisition to date, is part of the Irvine company's strategy to expand internationally. Filofax, which makes stationery products, advised shareholders to take no immediate action on the offer.