Big B, Inc. makes announcement.BESSEMER, Ala.--(BUSINESS WIRE)--Sept. 9, 1996--Big B, Inc. (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 : BIGB) reported the receipt this morning of notice that Revco D.S D.S Drainage Structure (flood protection) ., Inc. (NYSE NYSE See: New York Stock Exchange : RXR RXR Retinoid X Receptor RXR Resource Exchange Register ) intended to commence a cash tender offer for all the outstanding shares of the company at a price of $15.00 per share. Anthony Bruno, chairman of the board of the company said that such tender offer is unsolicited and that the company's board of directors, with assistance from its financial advisers and counsel, will be carefully considering such offer. The company requests that its stockholders defer making a determination whether to accept or reject such tender offer, when it commences, until they have been advised of the company's position. Big B, Inc. is the nation's 10th largest drug store chain operating 397 units throughout the southeastern United States. CONTACT: Big B, Inc., Bessemer Arthur M. Jones, Sr., 205/424-3421, ext. 202 |
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