Beacon tenders for all common shares of AMBAR.NEW YORK--(BUSINESS WIRE)--July 9, 1996--The Beacon Group announced today that its affiliate, AI Acquisition Corp., has commenced its previously announced cash tender offer for all common shares of AMBAR Inc., of Lafayette, La. (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 : AMBR AMBR Albuquerque Metropolitan Board of Realtors AMBR Anaerobic Migrating Blanket Reactor AMBR Associative Memory-Based Reasoning AMBR American Medical Bill Review, LLC AMBR Agent-based Modeling and Behavioral Representation project ) at a price of $18 per share. On Tuesday, July 2, 1996, Beacon and AMBAR announced they had entered into a Merger Agreement which contemplated the cash tender offer commenced today. Following the successful completion of the tender offer, AI Acquisitions Corp. will be merged with and into AMBAR. As previously disclosed, Beacon has also entered into agreements to purchase the 50 percent of the outstanding shares of AMBAR owned by Randolph M. Moity, AMBAR's chairman, president and chief executive officer and the six percent of the outstanding shares of AMBAR owned by Kenneth J. Boutte, an AMBAR director. The Board of Directors of AMBAR has approved the tender offer and the merger and determined that the terms of the offer and the merger are fair to, and in the best interests of, the Company and its stockholders and has recommended that AMBAR's stockholders accept the tender offer and tender their shares. The Board has received the opinion of Raymond James  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . & Co. that the transaction is fair, from a financial point of view, to AMBAR's stockholders. The consummation of the tender offer and merger are subject to various conditions, including that at least 90 percent of AMBAR's outstanding shares be tendered. The tender offer is scheduled to expire at 12:00 midnight, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Monday, Aug. 15, 1996, unless extended. AMBAR designs, blends and markets certain fluids and chemicals, and provides environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, , primarily along the Louisiana and Texas Gulf Coast. The Beacon Group, a private investment firm in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , manages the Beacon Group Energy Investment Fund, L.P. a $658 million equity limited partnership focused on strategic investments in the energy industry, and provides strategic advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to public and private companies. Georgeson & Co. Inc. has been retained by Beacon as Information Agent in connection with the offer. Information on the offer can be obtained by phoning Georgeson & Co. Inc. at 800/223-2064 (toll free) or 212/400-9800 (collect). CONTACT: The Beacon Group, New York Faith Rosenfeld, 212/339-9100 |
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