TRDY, maybe because of the merger agreement and the fact that JANX is in the merger, JANX is trading between 2-3 dollars now.
June 7, 1999--Janex International, Inc.
(OTC BB: JANX) announced today that a definitive merger agreement has
been signed providing for mergers of Janex, Futech Interactive
Products, Inc., Trudy Corporation, Fundex Games, Ltd., and DaMert
Company into a newly organized Delaware corporation ("New Futech") and
a subsidiary thereof.
The agreement provides that each outstanding share of Janex
common stock will be converted into approximately .0333 shares of
common stock of the surviving corporation in the mergers. The mergers
are subject to a number of conditions, including shareholder approval
by all of the merging companies. The transaction may be subject to
taxation under federal law to the minority stockholders of Janex. The
terms of the issuance of securities in the mergers, and other
important information about the mergers and the merging companies, are
more fully described in a preliminary prospectus/proxy statement and
related materials that have been filed today with the Securities and
Exchange Commission. Copies of the preliminary prospectus/proxy
statement are available from the SEC or by writing to:
Janex International, Inc.
c/o Futech Interactive Products, Inc.
2999 North 44th Street, Suite 225
Phoenix, Arizona, 85018-7247
Attn: Frederick B. Gretsch, Sr.
602-808-8765 |
