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Non-Tech : Marker International MRKR Ski Bindings,clothing,snowboards
MRKR 0.900-5.7%11:09 AM EST
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To: John R Resseger who wrote ()1/29/2000 10:41:00 PM
From: TallTrader  Read Replies (3) of 360
 
John, what do we have here? Am I missing something?

If I'm not mistaken, they hold a 15% equity interest in the new company, and "will no longer be engaged in the conduct of business."

Does not sound to exciting to me . . . what am I missing?

From the news release:

As contemplated by the asset purchase agreement and the plan of reorganization, Marker International will no longer be engaged in the conduct of business and will operate for the sole purpose of holding and subsequently liquidating its assets (including, without limitation, its 15% equity interest in Marker International GmbH).

If CT does not exercise its option, Marker International is required to dissolve and liquidate all of its assets no earlier than Nov. 30, 2002, and no later than Nov. 30, 2004.
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