We have a CORRECTION: READ THIS
Friday March 27, 6:38 pm Eastern Time
CORRECTED - Firamada seeks control of Atrix
In NEW YORK item headlined ''Firamada seeks 100 percent control of Atrix (ATXI - news),''
please read the fourth paragraph as ... The letter of mutual intent have been submitted to Atrix directors for approval, Firamada said. ... instead of ... The companies on Thursday signed the mutual letter, which outlines broad provisions of the deal that still must be negotiated, the release said. (company corrects its release to show Atrix has not yet signed letter.)
A corrected version follows.
NEW YORK, March 27 (Reuters) - Firamada Inc. (FAMH - news) Friday said it has submitted a
mutual letter of intent to Atrix International Inc. to gain 100 percent control of Atrix.
Under a two-step process, Atrix would acquire 100 percent of Firamada, traded on the bulletin
board, then Firamada directors would take over the new company, which would retain the Atrix
name, a statement said.
''Firamada Inc.'s intent is to attain Nasdaq status as quickly as possible,'' the release said. ''This
two-step process allows Firamada to trade immediately as ATXI, a Nasdaq listed company.''
The letter of mutual intent have been submitted to Atrix directors for approval, Firamada said.
(company corrects to show Atrix has not yet signed letter).
A purchase price was not given.
Upon signing an acquisition agreement, Atrix directors would resign and a new board would be
appointed by Firamada, the release said.
''Firamada management will transfer all staffing service company assets, including the Myriad
Employment Services acquisition, tentatively scheduled to close Friday, April 3, to Atrix,'' the
statement said.
The new company would continue to trade under the symbol ATXI, the release said.
Atrix stock traded at 3-3/8, up 1-1/8, Friday afternoon. Firamada stock traded at 0.67, up 0.1. |
