American Country To Comment On Tender Offer by March 12, 2002.Business Editors CHICAGO--(BUSINESS WIRE)--Feb. 28, 2002 On Feb. 27, 2002, a subsidiary of Kingsway Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Inc. commenced a tender offer for all outstanding shares of Common Stock and Series A Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". and all outstanding Class A Common Stock Purchase Warrants of American Country Holdings Inc. Please note that the tender offer does NOT include American Country's outstanding Common Stock Purchase Warrants expiring August 31, 2002 which trade on NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on under the symbol ACHIW. The tender offer is under consideration by the Board of Directors and management of American Country. On or before March 12, we will advise security holders whether the Company recommends acceptance or rejection of the tender offer, expresses no opinion and remains neutral or is unable to take a position, and the reasons why. Meanwhile the Company asks its security holders to defer accepting or rejecting the tender offer. American Country Holdings Inc.(Nasdaq:ACHI ACHI Arkansas Center for Health Improvement ACHI International Conference on Advances in Computer-Human Interaction ) is the holding company for American Country Insurance Company, American Country Financial Services Corp., American Country Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. Corp. and American Country Underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. Agency Inc. American Country Insurance is a leading insurer of taxicabs and limousines. American Country Insurance also offers commercial lines coverage for restaurants. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are based upon the company's expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Such expectations include, but are not limited to, the company's ability to retain its current insureds, reduce its exposure to certain business lines and expand others, along with future economic, competitive and market conditions, and future business decisions, all of which are difficult or impossible to predict accurately, and many of which are beyond the company's control. |
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