American Educational Products, Inc. Announces Receipt of Letter of Intent to Purchase Assets.BOULDER Boulder, city, United States Boulder, city (1990 pop. 83,312), seat of Boulder co., N central Colo.; inc. 1871. A Rocky Mountain resort and a suburb of Denver, it is the seat of the Univ. of Colorado (1876). , Colo.--(BUSINESS WIRE)--Nov. 15, 1999-- American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Educational Products, Inc. (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 :AMEP AMEP Adult Migrant English Program AMEP African Middle East Petroleum Co. AMEP Asymptotic Multi-User Error Probability AMEP Association for Medical Education in Pakistan AMEP Automated Missile Engagement Planner ) (PACIFIC:EP) announced today that it received an amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. Schedule 13-D filed on November 15, 1999, by G.C. Associates Holdings Corp., the Company's largest shareholder. G.C. Associates owns 393,290 shares of the common stock of the Company, or approximately 36% of the outstanding common shares. The Schedule 13-D references the delivery by G.C. Associates of a letter of intent dated November 14, 1999. The letter states G.C. Associates' intent to offer to purchase substantially all of the assets of American Educational Products and its subsidiaries, subject to certain conditions. The Board of Directors of American Educational Products is currently evaluating the terms of the letter and is also exploring alternatives, including other business combinations. American Educational Products, Inc. develops and produces hands-on educational materials for schools and parents. The Company's broad base of proprietary products, primarily in math and science, gives it a strong presence in the preschool through high school instructional market. |
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