NEW YORK--(BW HealthWire)--July 16, 1998--Transworld Healthcare Inc. (Nasdaq:TWHH - news) announced today that its Chairman and Chief
Executive Officer, President and majority shareholder, Hyperion Partners II LP, have each respectively confirmed their intentions to purchase shares in the company on the open market in response to the recent decline in the company's share price.
In other news, the company completed the previously announced sale of its nursing subsidiary, Transworld Home HealthCare - Nursing Division Inc. to Pediatric Services of America Inc. (Nasdaq:PSAI - news). The transaction closed on July 15, 1998 and net proceeds were used to reduce borrowings under the company's senior credit facility.
Whole news: biz.yahoo.com
Doesn't say how many shares, when or what thier price limit will be. A newsletter is announcing that they will pay "up to $11" a share. HAH!
The news saya"Specific details of purchases by Timothy M. Aitken, Chairman & CEO, Sarah L. Eames, President and Hyperion Partners II were not disclosed, but will be disclosed in applicable governmental filings. "
The news came out at 3:30..... volume went crazy at the bell..
Just posting this for those who were/are in it...
MG |
