Big O Tires Inc. and Big O Tires Dealers acquisition group sends requested information regarding acquisition proposal.OAKLAND Oakland, city (1990 pop. 372,242), seat of Alameda co., W Calif., on the eastern side of San Francisco Bay; inc. 1852. Together with San Francisco and San Jose, the city comprises the fourth largest metropolitan area in the United States. , Calif.--(AutomotiveWire)--May 10, 1995--The prospective acquisition group comprised of certain members of senior management of Big O Tires Inc. (NASDAQ/NMS BIGO) and Big O Tires Dealers of America America [for Amerigo Vespucci], the lands of the Western Hemisphere—North America, Central (or Middle) America, and South America. The world map published in 1507 by Martin Waldseemüller is the first known cartographic use of the name. (BOTA) Wednesday Wednesday: see week. sent to members of the Investment Committee of Big O Tires Inc. (Company) the additional backup information and documentation requested on April 24, 1995, regarding the group's acquisition proposal. Such requested information included, further supporting documentation regarding the $16 per share offering price, further information regarding the necessary elements of the financing and written acknowledgement of the quantity of dealer support of the acquisition proposal. The prospective acquisition group was very pleased to learn that over 85 percent of the company's franchised Big O Dealers provided written confirmation of their support of the group's acquisition proposal. "We are extremely encouraged by the overwhelming show of support from the dealers," says Wes Stephenson, president of BOTA. The prospective acquisition group is currently working with the Investment Committee to set up a meeting to further discuss its April 6, 1995, proposal. Such meeting is expected to be held in the very near future. CONTACT: Big O Tires Dealers of America, Englewood Englewood (ĕng`gəlw  d).1 City (1990 pop. 29,387), Arapahoe co., N central Colo., on the South Platte River, a residential and industrial suburb of Denver; inc. 1903. Steven Ste´ven n. 1. Voice; speech; language. Ye have as merry a steven As any angel hath that is in heaven. - Chaucer. 2. An outcry; a loud call; a clamor. To set steven to make an appointment. P. Cloward, Mgmt. Representative, 303/790-2800 Richard P. Waxman, Dealer Representative, 510/834-6600 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion