CRI Acquisition Commences Tender Offer to Acquire Computer Research, Inc. for $2.42 Per Share.Business Editors ST. LOUIS--(BUSINESS WIRE)--Aug. 4, 2000 CRI CRI constant-rate infusion. Acquisition, Inc. has today commenced a tender offer at $2.42 in cash per share for all of the outstanding shares of common stock of Computer Research, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CRIX) that it does not already own. The tender offer is scheduled to expire 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, unless extended. On July 7, 2000, Computer Research announced that it had entered into a definitive purchase agreement with CRI Acquisition, a newly formed corporation owned by Rodger O. Riney. CRI Acquisition currently owns about 34.8% of the outstanding shares of Computer Research. Following completion of the tender offer, CRI Acquisition intends to consummate a second-step merger in which all the remaining Computer Research shareholders will also receive the same cash price paid in the tender offer. The tender offer is not subject to any financing contingency. The board of directors of Computer Research approved the purchase agreement and recommends that the shareholders of Computer Research accept the offer and tender their shares. MacKenzie Partners, Inc. is the information agent for the tender offer. 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, brokers, dealers, banks and other financing 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. . Visit Computer Research at www.crix.com. Mr. Riney is the founder, president and chief executive officer of Scottrade, Inc. Scottrade 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). . This release may contain some forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion