COMPTRONIX CORPORATION ANNOUNCES BANKRUPTCY COURT APPROVAL OF PROPOSED SALE.BRENTWOOD, Tenn.--(BUSINESS WIRE)--Oct. 24, 1996--Comptronix Corporation (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CMPX CMPX Complex ) today announced that the U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Middle District of Tennessee has approved the Company's proposed sale of substantially all of its assets to Sanmina Corporation. Terms of the sale were previously announced. Consummation of the transaction is subject to expiration of the waiting period under the Hart-Scott-Rodino Act Hart-Scott-Rodino Act Often used in risk arbitrage. Antitrust act administered by U.S. Department of Justice and the FTC that requires an investor to file a form with the government before he acquires an economic interest in the lesser amount of $15 million or 15% of the , and is expected to take place on November 1, 1996. CONTACT: Comptronix Corp. E. Townes Duncan, 205/582-1810 |
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