CRI Acquisition, Inc. Completes Tender Offer for Shares of Computer Research, Inc.Business Editors ST. LOUIS--(BUSINESS WIRE)--September 5, 2000 Computer Research, Inc. (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. : CRIX) and Rodger O. Riney, sole shareholder of CRI CRI constant-rate infusion. Acquisition, Inc. announced today that CRI Acquisition has completed its tender offer for all of the outstanding shares of the common stock of Computer Research not already owned by CRI Acquisition, at a price of $2.42 per share in cash. The tender offer expired at 5:00 p.m. New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on September 1, 2000. CRI Acquisition has been advised by the depositary for the tender offer that, as of the expiration of the tender offer, approximately 2,226,434 Computer Research shares had been validly tendered and not withdrawn pursuant to the offer (including approximately 5,651 Computer Research shares tendered pursuant to the procedures for guaranteed delivery). This number, aggregated with the number of Computer Research shares that CRI Acquisition already beneficially owns, represents approximately 90% of the outstanding Computer Research shares. Cash payments for tendered shares are expected to commence promptly. As previously announced, CRI Acquisition plans to acquire the remaining Computer Research shares for $2.42 per share through a cash merger, expected to be completed shortly. Computer Research provides computerized accounting and record-keeping support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to more than 40 securities broker/dealers, banks and other financial institutions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Mr. Riney is the founder, President and Chief Executive Officer of Scottrade, Inc. He has been active in the securities industry for more than 30 years and founded Scottrade in 1980. Scottrade, formerly Scottsdale Securities, Inc., is a securities brokerage firm that is registered with the SEC and the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . |
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