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Politics : Right Wing Extremist Thread -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (13524)	7/31/2001 4:50:25 PM
From: Ben Wa	Respond to of 59480

--LBO, then deport 'em. Mexican Restaurants Inc. Announces Offer Received From Wyndcrest Holdings -- Business Editors HOUSTON--(BUSINESS WIRE)--July 31, 2001--Mexican Restaurants Inc. (Nasdaq:CASA) today received an offer to acquire the stock of the Company from Wyndcrest Holdings, LLC ("Wyndcrest"). John Textor, managing member of Wyndcrest, is a former board member of Mexican Restaurants Inc. The offer is valued by Wyndcrest at $4.50 per outstanding share to be payable by ten-year income notes of Wyndcrest bearing interest at 10.0% per annum (the "Wyndcrest Notes"). In addition, Wyndcrest would acquire the outstanding warrants of the Company for $2.00 per share covered by such warrants, payable by Wyndcrest Notes, and retire the Company's existing bank debt of approximately $8.1 million. At July 31, 2001, the Company has 3,522,905 shares outstanding and there are outstanding Company and shareholder warrants covering 855,706 shares. Louis P. Neeb, chairman of the board, stated, "Speaking for the Board and for myself, we appreciate Wyndcrest's interest, and have asked our financial advisor, First Tennessee Securities Corporation, to review the offer." Mexican Restaurants Inc. operates and franchises 88 Mexican restaurants. The current system includes 52 Company-operated restaurants and 36 franchisee-operated restaurants.

To: Neocon who wrote (13524)	7/31/2001 4:50:25 PM
From: Ben Wa	Read Replies (1) \| Respond to of 59480

--LBO, then deport 'em. Mexican Restaurants Inc. Announces Offer Received From Wyndcrest Holdings -- Business Editors HOUSTON--(BUSINESS WIRE)--July 31, 2001--Mexican Restaurants Inc. (Nasdaq:CASA) today received an offer to acquire the stock of the Company from Wyndcrest Holdings, LLC ("Wyndcrest"). John Textor, managing member of Wyndcrest, is a former board member of Mexican Restaurants Inc. The offer is valued by Wyndcrest at $4.50 per outstanding share to be payable by ten-year income notes of Wyndcrest bearing interest at 10.0% per annum (the "Wyndcrest Notes"). In addition, Wyndcrest would acquire the outstanding warrants of the Company for $2.00 per share covered by such warrants, payable by Wyndcrest Notes, and retire the Company's existing bank debt of approximately $8.1 million. At July 31, 2001, the Company has 3,522,905 shares outstanding and there are outstanding Company and shareholder warrants covering 855,706 shares. Louis P. Neeb, chairman of the board, stated, "Speaking for the Board and for myself, we appreciate Wyndcrest's interest, and have asked our financial advisor, First Tennessee Securities Corporation, to review the offer." Mexican Restaurants Inc. operates and franchises 88 Mexican restaurants. The current system includes 52 Company-operated restaurants and 36 franchisee-operated restaurants.