BHC ANNOUNCES EXTENSION OF TENDER OFFER FOR PINELANDS
BHC ANNOUNCES EXTENSION OF TENDER OFFER FOR PINELANDS NEW YORK, July 30 /PRNewswire/ -- BHC Communications, Inc.
(AMEX: 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 July 31, 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 July 30, 1992, 15,859,165 shares of Pinelands common stock had been tendered pursuant to the tender offer. -0- 7/30/92 /CONTACT: William D. Siegel of BHC Communications, 212-421-0200, for BHC and Chris-Craft/ (BHC CCN PL) CO: BHC Acquisition Corp.; BHC Communications, Inc.; Chris-Craft Industries, Inc.; Pinelands, Inc. ST: New York, New Jersey IN: ENT SU:
GK -- NY109 -- 5333 07/30/92 17:37 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Jul 30, 1992|
|Previous Article:||DELPHI FINANCIAL GROUP REPORTS SECOND QUARTER EARNINGS; SIX MONTHS RECORD RESULTS|
|Next Article:||KAUFMAN AND BROAD TURNS OVER KEYS TO NEW CAMP HOLLYWOODLAND PAVILION AFTER RECORD REBUILDING EFFORT|