Nimbus CD International 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.

Technology Stocks : Nimbus CD International

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: NAUGHTY NOTES who wrote (1647)	6/23/1998 1:24:00 PM
From: SIer formerly known as Joe B.	of 1673

RAOTFLMA June 23, 1998 Lazard, Berenson Minella Advise In Carlton Deal With Nimbus Dow Jones Newswires NEW YORK -- Lazard Freres & Co. is advising Carlton Communications PLC (CCTVY) in its acquisition of Nimbus CD International Inc. (NMBS). Documents filed with the Securities and Exchange Commission Tuesday said Nimbus is being advised by New York investment-banking boutique Berenson Minella & Co. Carlton said last week it had agreed to buy Nimbus, a Charlottesville, Va., optical-disc manufacturer, for $264 million, or $11.50 a share. Nimbus said it had agreed to pay Berenson Minella a fee equal to 1.1875% of the amount of cash shareholders will receive once the company's merger with Carlton is complete. That amount could top $3 million if all of Nimbus' shareholders accept Carlton's tender offer. Carlton said it had agreed to pay Lazard Freres $900,000 plus some out-of-pocket expenses, including legal fees. -Stephane Fitch; 201-938-2202

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next