SHRIVER BECOMES DIRECTOR; HOUGH CONTINUES
Press Release issued TUESDAY, June 17, 1997
with headlines:
INTEK's INTERIM CEO, EDMUND HOUGH, AGREES TO CONTINUE SERVING.
ROBERT SHIVER ELECTED DIRECTOR.
Full Story May Be Found At:
biz.yahoo.com
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With the cast now in permanent roles, I would expect the company
to start getting on with business.
In a related aside, SECURICOR has sold 42% of its 57% stake in what was called SECURICOR TELESCIENCES ... now AXIOM, Inc. The original 57% interest cost SCR, I believe, approximately US$9 million in July 1994 [PLEASE NOTE: the 57% stake noted above contradicts the Press Release issued by Axiom in London on April 21, 1997.... which stated that **The company [Axiom] is a wholly-owned subsiary within the Securicor plc group of companies ....**]
Presumably, SECURICOR is making $36 million on this transaction. Not a bad return in a relatively short period of time.
Cf: ipodata.com
and: telesciences.com
Axiom's public offering was arranged thru
Lehman and JP Morgan.
MEADOWS |
