Broadcast International Inc. to continue discussions with Data Broadcasting Corp.NEW YORK--(BUSINESS WIRE)--Nov. 22, 1994--Broadcast International 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 :BRIN) announced that its board of directors met yesterday to consider the $6.00 per share stock merger proposal previously made by Data Broadcasting Corp. (NASDAQ:DBCC DBCC Daytona Beach Community College (Florida) DBCC District Business Conduct Committee (NASD) DBCC Desert Breeze Community Church (Glendale, AZ, USA) ). The board determined that it is unwilling to enter into any agreement or arrangement regarding a transaction at the proposed price of $6.00 per share in Data Broadcasting stock. However, the board authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: discussions with Data Broadcasting to investigate the possibility of a transaction at a more favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. price. Representatives of Broadcast International have invited Data Broadcasting to enter into those discussions promptly. CONTACT: Broadcast International Inc. Nicholas Ruitenberg, 801/562-2252 |
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