Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce -- Ignore unavailable to you. Want to Upgrade?

To: MonteChristo who wrote (15)	5/6/1998 9:05:00 PM
From: Mr. Miller	Respond to of 6545

I came across that name, too. I think they were a company unrelated to Winner Internet Network absorbed by another. I will post info on it in a moment that I found in Waterhouse archives. I assume(but it would not hurt to verify) it was removed from NASDAQ which freed up the symbol for our boy to take. Here it is: TCF Completes Merger With Winthrop Resources PR Newswire, Tuesday, June 24, 1997 at 16:45 MINNEAPOLIS, June 24 /PRNewswire/ -- TCF Financial Corporation (TCF) (NYSE:TCB) announced that its merger with Winthrop Resources Corporation (Winthrop) (NASDAQ:WINR) was completed today after the shareholders of both companies approved the merger. Winthrop is now a wholly owned subsidiary of TCF. John L. Morgan will continue as president of Winthrop and has joined TCF's board of directors. The merger transaction is being accounted for as a pooling of interests. As a result of the merger, each common share of Winthrop is being exchanged for 0.7766 of one common share of TCF, for a total of approximately 6.9 million TCF common shares. The aggregate merger price is approximately $340 million, or $38.05 per Winthrop common share, based on TCF's closing stock price of $49 per share on June 23. On Feb. 14, TCF and Winthrop signed a letter of intent to merge, which was followed on Feb. 28 with the signing of a definitive merger agreement. TCF received regulatory approval from the Federal Reserve Board on June 2. Winthrop is a Minneapolis-based financial services company that leases computers, telecommunications equipment, point-of-sale systems and other business equipment to companies nationwide. At March 31, Winthrop had leased assets totaling $348 million. TCF is a national bank holding company based in Minneapolis with $7 billion in assets. TCF's banks operate in Minnesota, Illinois, and Wisconsin as TCF National Bank, and in Michigan and Ohio as Great Lakes National Bank. Other TCF affiliates include consumer finance, mortgage banking, title insurance, annuity and mutual fund sales companies. SOURCE TCF Financial Corporation -0- 6/24/97 /CONTACT: Investors, Cynthia W. Lee, 612-475-7936, Investors, Ann Storberg, 612-475-7940, or Media, Elizabeth Anders, 612-475-7938, all of TCF Financial Corporation/ ******************************* Miller