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Technology Stocks : Zenith - One and Only
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To: Robert Utne who wrote (6204)7/29/1999 12:29:00 AM
From: The Committee  Read Replies (3) of 6570
 
Zenith has announced that it will commence its bankruptcy case in Delaware at the end of August 1999. The Unofficial Committee of the Equity Holders of Zenith will seek to obtain official status in the bankruptcy case in order to protect the interests of Zenith's minority shareholders. The United States Trustee's office responsible for overseeing bankruptcy cases in Delaware has the ability to appoint an official committee to represent the interests of minority shareholders. Should anyone wish to express their position to the U. S. Trustee on whether minority shareholders should be represented in Zenith's bankruptcy case, please correspond at your earliest convenience with:

Frederic J. Baker, Esquire
Senior Assistant U. S. Trustee
Office of the United States Trustee
Curtis Center, Suite 950 West
601 Walnut Street
Philadelphia, Pa. 19106

Fax (215) 597-5795

Factors that shareholders might want to comment on that are likely to be considered by the U. S. Trustee in determining whether to appoint a shareholders committee include:

1. The current market value of Zenith's stock on a per share basis and aggregate basis.

2. The daily trading activity in Zenith stock.

3. The value of Zenith's stock based on the actual value of Zenith's assets. (Note: the balance sheet and valuations prepared by Zenith will be considered highly credible evidence of value).

4. Other factors that suggest the minority shareholders have real economic interests that will be affected in the case.

You and others may want to share this information with other Zenith minority shareholders who do not have access to the Internet.

From: The Committee

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