Printer Friendly

BHC ACQUISITION EXTENDS TENDER OFFER FOR PINELANDS

 BHC ACQUISITION EXTENDS TENDER OFFER FOR PINELANDS
 NEW YORK, Aug. 7 /PRNewswire/ -- BHC Communications, Inc.


(ASE: BHC) and its majority shareholder, Chris-Craft Industries, Inc. (NYSE: CCN), announced today the extension of the expiration date of the tender offer by BHC's wholly-owned subsidiary, BHC Acquisition Corp., for all of the outstanding shares of common stock of Pinelands, Inc. (NYSE: PL) at a price of $18 per share plus additional consideration equal to 6 percent per annum from (but excluding) July 12, 1992. The tender offer, as extended, will expire at 5:00 p.m., New York City time, on Aug. 10, 1992.
 BHC anticipates that it will extend the tender offer from day to day pending satisfaction of the conditions to the offer, including receipt of Federal Communications Commission approval.
 As of 5:00 p.m., New York City time, on Aug. 7, 1992, 16,064,001 shares of Pinelands common stock had been tendered pursuant to the tender offer.
 -0- 8/7/92
 /CONTACT: William D. Siegel of BHC Communications, Inc., 212-421-0200, for BHC Communications, Inc., and Chris-Craft Industries/
 (BHC CCN PL) CO: BHC Acquisition Corp.; BHC Communications, Inc.; Chris-Craft
 Industries, Inc.; Pinelands, Inc. ST: New York, New Jersey IN: ENT SU:


AH -- NY052 -- 8205 08/07/92 18:09 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Aug 7, 1992
Words:211
Previous Article:MELLON TO APPEAL VERDICT IN TRUST CASE
Next Article:MISSOURI HIGHWAY & TRANSPORTATION COMMISSION CERTIFICATES OF PARTICIPATIONS RATED 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
BHC AND CHRIS-CRAFT ANNOUNCE EXTENSION OF TENDER OFFER FOR PINELANDS
BHC ANNOUNCES EXTENSION OF TENDER OFFER FOR PINELANDS
BHC COMMUNICATIONS ANNOUNCES EXTENSION OF EXPIRATION DATE OF OFFER
BHC EXTENDS OFFER FOR PINELANDS
BHC ACQUISITION EXTENDS DATE OF PINELANDS TENDER OFFER
BHC ACQUISITION EXTENDS TENDER OFFER FOR PINELANDS
BHC ACQUISITION EXTENDS TENDER OFFER FOR PINELANDS
BHC ACQUISITION EXTENDS TENDER OFFER FOR PINELANDS
BHC ACQUISITION EXTENDS TENDER OFFER FOR PINELANDS
FCC APPROVES ACQUISITION OF PINELANDS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters