American Educational Products, Inc. Board of Directors Declines Purchase Offer.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. 23, 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 its Board of Directors has completed reviewing the purchase offer received from Geneve Corporation. After careful consideration, the Board of Directors has declined the offer. The Company will continue its efforts to engage in ongoing dialogue with representatives of Geneve Corporation and with other third parties in order to further explore opportunities to maximize shareholder value. As announced on November 15, 1999, American Educational Products 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 filing from G.C. Associates Holding Corp. regarding the offer of Geneve Corporation (an affiliate of G.C. Associates) to purchase substantially all of the assets of American Educational Products. G.C. Associates owns approximately 37% of the outstanding common stock of American Educational Products 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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