LVEN, what's that? Moonshot, latest edition? LVEN traded at $1 to $2. most of the time.
Whith that news? I read that LVEN is not being acquired but acquiring another company.
Las Vegas Entertainment Network, Inc., Makes Tender Offer
LOS ANGELES--(BUSINESS WIRE)--Oct. 8, 1999--Las Vegas Entertainment Network, Inc. Nasdaq:LVEN - news), Friday filed schedule 14-D1 in which the company has proposed a tender offer purchase of all outstanding shares of Jackpot Enterprises, Inc. (NYSE:J - news), a Nevada corporation specializing in the distribution and operation of slot machines.
The $11 per share all-cash offer is for 100% of the approximately 8.6 million shares and is subject to Nevada Gaming Control approval. LVEN
funds for the acquisition are to be made available from the recent $190 million Investment Agreement signed September 29, 1999.
This news.... unspecified investors, unspecfired shares...$190 Million, uh, oh!!
NEW YORK, Oct 6 (Reuters) - Las Vegas Entertainment Network Inc. (NasdaqSC:LVEN - news), a developer of gaming and media businesses, said on Wednesday it is selling an unspecified 12-million-share stakein the company to two investors worth $190 million.
The two investors, whom the company did not identify in its prepared statement, will each get 6 million shares in the company at a price of about $15.80 per share, or about 7 times the shares' market value of 2-11/16 on the Nasdaq early Wednesday afternoon.
The total number of the Los Angeles company's outstanding shares was not immediately available.
The company also develops technology for delivery of television and video programming, Internet access and telephony. Telephony refers to new phone-type communications transmitted via personal computers and the Internet.
Go, get em!!
And, say hi, there...https://www.siliconinvestor.com/subject.aspx?subjectid=29276 |
