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.

Strategies & Market Trends : Chastain Capital (CHAS) -- Ignore unavailable to you. Want to Upgrade?

To: leigh aulper who wrote (7)	5/14/1999 6:25:00 PM
From: leigh aulper	Read Replies (1) \| Respond to of 20

-------------------------------------------------------------------------------- Related Quotes CHAS 5 3/4 +3/32 delayed 20 mins - disclaimer Friday May 14, 5:17 pm Eastern Time Company Press Release Chastain Capital Announces Intention to Sell Remaining Assets ATLANTA--(BUSINESS WIRE)--May 14, 1999--Chastain Capital Corporation (Nasdaq/NM: CHAS - news) today announced that its Board of Directors had voted to sell all of the Company's assets, either through a plan of liquidation or through a sale of the Company. As previously announced, the Board of Directors formed a Special Committee to oversee a stabilization of the Company's balance sheet, under which the Company sold certain assets and repaid in full and terminated its credit facilities. The Special Committee also began to review the Company's strategic alternatives with respect to its remaining assets. After examining the available alternatives, the Special Committee has recommended, and the Board of Directors has approved, the sale of all of the remaining assets of the Company, with proceeds to be distributed to shareholders. Any plan of liquidation or proposed sale of the Company would be subject to the approval of shareholders of the Company, and the matter is expected to be submitted to shareholders at the Company's annual meeting.