To: nikko who wrote (78808 ) 6/10/1999 1:17:00 AM From: ArtsCool Respond to of 119973
DITC: Seemed to base at $13 all afternoon Maybe good for 1/2 a point or more. It is an Israeli company. It is possible that many people in Israel are finding out about it today and there could be heavy buying at the open, I think they are 6 hours ahead of NY. Nick what do you think of CUI? CUI halted about 3:30PM saying it is worth $42 a share.. News June 9, 16:13 Eastern Time Coach USA Makes Announcement HOUSTON, Jun 9, 1999 (BUSINESS WIRE via COMTEX) -- Coach USA, Inc., (NYSE: CUI) today announced that it is in exclusive discussions with another party regarding a possible business combination transaction at $42 cash per share of Coach USA common stock. The Company has retained a financial advisor to assist its Board of Directors. Any transaction is subject to various conditions and the negotiation and approval of a definitive agreement by the Coach USA Board of Directors. The Company does not anticipate announcing any updates regarding the status of these discussions until a definitive agreement is reached or discussions terminated. Coach USA is the leading provider of motorcoach, airport shuttle and taxi services in North America. Through over 120 cities in 33 states, provinces and territories, Coach USA's services include motorcoach charters, sightseeing and tours, contract services for municipalities and corporations, commuter transportation, airport shuttles and taxis. Note: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current plans and expectations of Coach USA, Inc. and involve risks and uncertainties that could cause actual future results to be materially different from those set forth in the forward-looking statements. Important factors that could cause actual results to differ include, among others, risks that no transaction will occur and other risks associated with the valuation of possible business combination transactions.