Takeover Back On Again: Standard Logic Inc.,...

Takeover Back On Again: Standard Logic Inc., an Anaheim maker of electronic circuits and packages, said Thursday that its previously aborted takeover of Appoint Inc. in Paso Robles may be completed under a newly negotiated financing agreement.

Under the new deal, Standard Logic would receive $3 million from Renaissance Capital Partners II Ltd., a venture-capital company in Texas, in exchange for debentures that could be converted to 6 million shares of Standard Logic’s stock.

Standard Logic would lend some of that money to Appoint, a manufacturer of computer data-entry devices such as “mice,” for working capital. Standard Logic would also grant Appoint’s stockholders 8.76 million shares of Standard Logic stock when the merger is completed.

The deal is set to be completed before Dec. 31. An earlier agreement, negotiated in February, was called off last week after Appoint indicated that it had a working capital deficit.