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Big O and TBC negotiating merger letter of intent.



ENGLEWOOD Englewood (ĕng`gəlwd).

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.
, Colo.--(AutomotiveWire)--Feb. 29, 1996--Big O Tires, Inc. (Nasdaq/NM:BIGO) today announced that Big O is negotiating a letter of intent with TBC tbc abbr (= to be confirmed) → por confirmar

tbc abbr (= to be confirmed) → noch zu best├Ątigen

tbc abbr
 Corporation (Nasdaq/NM:TBCC TBCC Tillamook Bay Community College
TBCC Turbine-Based Combined Cycle
TBCC Tennessee Business Card Club
TBCC Transfer Between Cost Centers
TBCC Thomas Bennett Community College
TBCC Tailbiting Convolutional Code
TBCC The Bean Coffee Company
) relating to relating to relate prepconcernant

relating to relate prepbez├╝glich +gen, mit Bezug auf +acc 
 TBC's proposed acquisition of Big O.

TBC has proposed a cash price of $16.50 per Big O share, subject to several conditions including a potential reduction in price as provided in TBC's letter of intent.

If the letter of intent is agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations"
stipulatory

noncontroversial, uncontroversial - not likely to arouse controversy
, the transaction would still be subject to the execution of a definitive merger agreement, Big O and TBC Board approval, approval by the Big O stockholders and the satisfaction of contractual conditions.

Although the previously announced merger agreement between the Company and the companies formed by a Dealer/Management Group is still in effect, either the Company or the Dealer/Management Group are able to terminate that merger agreement after February 28, 1996. The TBC letter of intent is conditioned on termination of that merger agreement.

TBC Corporation is a marketer and distributor of products for the automotive replacement market.

Big O Tires, Inc. is a franchisor of independent retail tire and auto service stores.

CONTACT: Big O Tires Inc., Englewood

Beth Hayne, (303) 790-2800
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 29, 1996
Words:200
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