Printer Friendly

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
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:Jul 30, 1992
Words:208
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
Topics:


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

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