SI
SI
discoversearch

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 : Data Broadcasting Corp. (DBCC)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SHGLaw who wrote (4516)2/1/1999 8:52:00 PM
From: esecurities(tm)  Read Replies (1) of 5102
 
DBCC competitor DTLN completes $123 mil financing...conflict of interest?

"...Data Transmission Network Corp (DTLN)
DATA TRANSMISSION NETWORK CORP said Monday it completed a $122.9 million financing pact with a group of banks that will be used to expand the company internally and through acquisition. The company's prior revolving credit agreement provided for $80.8 million and had $55.5 million outstanding at December 31, 1998. Data Transmission also said the increased credit agreement and the company's expansion plans should help the goal it has been pursuing with Salomon Smith Barney* to enhance shareholder value through the sale or merger of the company. This process is continuing, Data Transmission said in a news release. (Reuters 03:23 PM ET 02/01/99) For the full text story, see full story <http://www.infobeat.com/stories/cgi/story.cgi?id=2558289334-fa8>..."


source: &copy 02/01/99 InfoBeat Finance Full Closing Bell

*Salomon Smith Barney is a major shareholder of DBCC in addition to being a joint-venture partner in the Internet Financial Network ifn.com ...conflict of interest...chinese wall?...or ?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext