REIC being bought out ___
(COMTEX) B: REII Inc. Accepts Offer in Principle From Claremont Holdi
B: REII Inc. Accepts Offer in Principle From Claremont Holdings Ltd.
NAPLES, Fla., Oct 5, 1999 (BUSINESS WIRE) -- 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.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: REII Inc., Naples
Garfield Ricketts, 941/261-3396
WEB PAGE: businesswire.com
GEOGRAPHY: FLORIDA CONNECTICUT
INDUSTRY CODE: COMED
COMPUTERS/ELECTRONICS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story ***
(COMTEX) B: REII Inc. Accepts Offer in Principle From Claremont Holdi
B: REII Inc. Accepts Offer in Principle From Claremont Holdings Ltd.
NAPLES, Fla., Oct 5, 1999 (BUSINESS WIRE) -- 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.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: REII Inc., Naples
Garfield Ricketts, 941/261-3396
WEB PAGE: businesswire.com
GEOGRAPHY: FLORIDA CONNECTICUT
INDUSTRY CODE: COMED
COMPUTERS/ELECTRONICS
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
*** end of story *** |
