Cellular Telecommunications & Technologies Inc. enters merger talks.NEW YORK--(BUSINESS WIRE)--Feb. 14, 1995--Cellular Telecommunications & Technologies 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 Bulletin Board:CTLT CTLT Cadet Troop Leader Training (Army ROTC) CTLT Center for Teaching and Learning and Technology ) today announced that it has entered final negotiations with a European Biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. company whereby CTLT would acquire all of the issued and outstanding shares of the biomedical company in some sort of exchange in which the net result will be a change in control of CTLT. Part of the agreement and plan of reorganization would require CTLT's directors to resign and the biomedical company's designees would be elected. Such transactions are subject to shareholder vote; but members of CTLT holding in excess of 50% of the issued and outstanding shares of CTLT have indicated their intention to vote in favor of such a proposal. Adam Schild, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated that, "As our organization has been unprofitable to date we have been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. an acquisition, the purpose of which is to try to create a greater value for CTLT's common stock and its shareholders. We believe that with this pending acquisition, we have accomplished our goal." CONTACT: Cellular Telecommunications & Technologies Inc. Adam C. Schild, 516/420-5600 |
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