BTG to Allow Heartland to Increase Holdings.FAIRFAX Fairfax, city (1990 pop. 19,622), historic seat of Fairfax co., NE Va., a residential suburb of Washington, D.C.; inc. 1892, as a city 1961 (at which time it became independent and no longer included in a county). There is some light manufacturing. , Va.--(BUSINESS WIRE)--Dec. 16, 1999-- The Board of Directors of BTG BTG BIT (Built-In Test) Target Generator BTG Bridging the Gap BTG British Technology Group BtG Betreuungsgesetz (Germany) BTG Biomass Technology Group BV BTG Begbies Traynor Group , Inc. (Nasdaq: BTGI), an information systems and technical services company, has approved an amendment to its shareholders rights plan to permit the acquisition of additional shares of BTG common stock by Heartland Advisors, Inc. from approximately 1,825,000 to 1,950,000 shares. Heartland is a value-oriented investment management firm with $2.8 billion under management. This action permits Heartland Advisors to make open market purchases of additional shares without being deemed an "Acquiring Person" under BTG's Shareholder Rights Plan dated September September: see month. 16, 1998. Dr. Edward H. Bersoff Edward H. Bersoff is the President, CEO and founder of BTG, Inc. Prior to founding BTG in 1982, Bersoff was President of CTEC, Inc. Previously, as an officer in the U.S. Army, he was assigned to the NASA Electronics Research Center in Cambridge, Massachusetts. , Chairman of the BTG Board of Directors, said: "BTG values our long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. shareholders and the capital they provide us to expand our business and differentiate ourselves in the marketplace. Heartland Advisors has been increasing its common stock holdings in the company over the past two years as BTG has grown our business and improved profitability and liquidity. We are pleased that they continue to see value in BTG and want to increase their ownership." "We seek valuations in its industry and Heartland Advis140. |
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