Thanks, Bruce. This looks interesting...
DCI is required to repurchase the shares for $3,000,000, if Muller
exercises a "put" option which commences on the earlier of 120 days from
December 27, 1996, unless an extension is requested by DCI, which Muller
cannot unreasonably withhold, or 14 days after DCI has received an
aggregate of $3,000,000 in net proceeds from the sale of its capital stock.
An extension was granted by Muller through July 15, 1997. The selling
stockholders also have an option to keep DCI stock or accept up to
$3,000,000 in cash from DCI.
KS |
