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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who started this subject6/4/2001 9:17:19 AM
From: SSP  Read Replies (1) of 150070
 
DIC Entertainment Holdings, Inc. and Golden Books Family Entertainment, Inc. today announced that they have entered into an agreement whereby DIC will purchase substantially all of the assets of Golden Books. The approximate value of the transaction is $170 million. The company will be privately held.

From the 8K filed today;
There can be no assurance that the transaction contemplated by the Asset
Purchase Agreement will be consummated; if consummated, such transaction will
likely result in the common stock of the Company having no value, and certain
indebtedness of the Company and the Subsidiaries being worth significantly less
than face value.


Darn!! lol!
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