Look at REIC They are being bought out $1.80 a share trading at 0.6 or so
Bull Run Picks
BullRun Members,
Here is a shortterm trade you may want to check out. I just purchased
REIC. Should gap big tomorrow. Current price around .60 cents. Buyout
worth $1.80 a share.
thanks,
BullRun
Tuesday October 5, 1:04 pm Eastern Time
Company Press Release
REII Inc. Accepts Offer in Principle From Claremont Holdings Ltd.
NAPLES, Fla.--(BUSINESS WIRE)--Oct. 5, 1999--REII Inc. (OTC BB:REIC), a
Naples based firm, has agreed in principle to accept the tender offer
proposed by Claremont Holdings Ltd., a private investment company, to
purchase all the outstanding shares.
The terms of the deal were $8 million or $1.80 per share. No other terms
of the agreement were disclosed.
--------------------------------------------------------------------------------
Contact:
REII Inc., Naples
Garfield Ricketts, 941/261-3396
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