JTWO - J2 Communications - National Lampoon Message Board

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Technology Stocks : JTWO - J2 Communications - National Lampoon

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To: leigh aulper who wrote (49)	11/19/2001 5:38:48 PM
From: RockyBalboa	of 54

Pfft, no! $1... J2 to seek other buyout offers after ending pact Reuters Company News - November 19, 2001 17:35 LOS ANGELES, Nov 19 (Reuters) - J2 Communications , which licenses the National Lampoon name to the entertainment industry, on Monday said it would seek new acquisition offers after it terminated an agreement for a group led by two shareholders to buy a controlling interest in the company. J2 said the shareholders, Daniel Laikin and Paul Skjodt, filed a lawsuit in Los Angeles Superior Court against the company. J2 also said it may be delisted by Nasdaq if it does not hold its next annual meeting of shareholders by the end of 2001. Laikin and Skjodt have controlled shares that, combined with those held by J2 Chairman James Jimirro, represent about 39 percent of the company's common stock. Under the agreement announced in March, a group led by Laikin and Skjodt would bring its holdings to 53 percent by acquiring Jimirro's shares and some additional shares directly from the company. J2 said Laikin, Skjodt and certain others have agreed to vote with the incumbent board and not to attempt to influence the management of the company for a 10-year period.

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