Advanstar Confirms Exploring Strategic Alternatives.Business Editors BOSTON--(BUSINESS WIRE)--April 27, 2000 Advanstar, Inc., a worldwide business information company, today confirmed that it has retained Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
"In response to recent unsolicited approaches from several interested parties, the Advanstar Board of Directors now feels it is the right time to explore the marketplace," said Robert Krakoff, Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Advanstar, Inc. "Both Advanstar's track record and its bright prospects for future growth create an attractive opportunity for a suitable buyer." "We are very pleased with the outstanding progress made in growing this business over the last four years," said John Pasquesi of Hellman & Friedman. "Through the leadership of Bob Krakoff and Jim Alic, Advanstar has more than tripled operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. while building a world class management team." Advanstar is the sixth largest U.S. business-to-business publishing company and the third largest U.S. trade exhibition company. There can be no assurance that any transaction or other corporate action will result from this exploration of alternatives. This press release contains forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned not to place undue reliance on these forward-looking statements, including statements about plans and objectives of management and market growth and opportunity. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements. Important cautionary statements and risk factors that would affect actual results are discussed in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission, including those under the caption entitled "Factors That May Affect Future Results" in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission on March 30, 2000. |
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