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Non-Tech : Am.United Global, Inc. (AUGI)

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To: trouthead who wrote (1985)	7/16/1998 6:46:00 PM
From: Chuck Martin	Read Replies (1) of 2065

The Conese deal is dead. My source is a Dow Jones New Service story dated July 16, 1998. It's copyrighted, so I'm going to paraphrase it. If you want the original, go to the Wall Street Journal's Publication Library, and do a search for Conese (headlines are free, but articles cost you $2.95). The article says that AUGI terminated the March 24 securities purchase agreement, in which Conese Enterprises was to invest between $4 and $5.5 million in AUGI preferred shares. The reason given was that the two parties couldn't reach mutually acceptable terms. The article then stated that three of the seven AUGI directors have resigned for personal reasons. EOM

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