Boston Chicken converts loan in Einstein Bros. Bagels.GOLDEN, Colo.--(BUSINESS WIRE)--June 18, 1996--Boston Chicken, Inc. (Nasdaq NMS See NetWare Management System. : BOST BOST Boston National Historic Park (US National Park Service) BOST Built Off-Chip Self Test ) said today that it has completed the previously announced conversion of its $120 million loan to Einstein Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Bagels, Inc. (EBBI) into a 68% equity interest in EBBI. On May 30, 1996, EBBI announced the filing of a Registration Statement for an initial public offering of 2.2 million shares of common stock. In connection with the initial public offering, Boston Chicken plans to purchase two million additional EBBI shares in a concurrent private placement. After the initial public offering and concurrent private placement, which are expected to be completed later this summer, Boston Chicken s interest in EBBI is anticipated to be approximately 60%. The Registration Statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the initial public offering has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. Copies of a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders , when available, for the initial public offering may be obtained from the underwriters: Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co., Alex. Brown & Sons Incorporated and Montgomery Securities. CONTACT: Boston Chicken Inc., Golden Analyst contact: Melissa Marsden, 303/384-5652 Media contact: Karen Rugen, 303/384-5076 |
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