BIH Corporation - Restaurant and Hospitality Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : BIH Corporation - Restaurant and Hospitality

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: slazenger7	6/28/2008 12:46:02 PM
	of 22

BIHC - HUGE NEWS Buyout Confirmed - .07 to .09 cent Cash Dividend per share!! BIH Corporation Releases Estimated Baron International Acquisition Numbers Jun 26, 2008 8:58:00 AM View Additional Profiles WEST ORANGE, NJ -- (MARKET WIRE) -- 06/26/08 -- BIH Corporation (PINKSHEETS: BIHC) announced today that its Board of Directors as previously announced has agreed to a buyout of its subsidiary Baron International, Inc. The Company believes that its shareholders are entitled to an estimate of the pending agreement. The pending agreement is subject to a contractual due diligence period with a sales price already negotiated; the sales price is between 0.19 and 0.23 cents per share. The acquiring party has a 5 day due diligence period of which to accept or to decline the agreed upon acquisition price contractually. The Company has already determined that if the above-mentioned occurs, it will pay a one time cash dividend of between 0.07 and 0.09 cents per share as recommended by its attorneys and accountants (for tax purposes) to each and every shareholder on the record date, to be determined upon the acceptance and executed acquisition agreement.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next