Chromcraft Revington Announcement.Business Editors DELPHI Delphi (dĕl`fī), locality in Phocis, Greece, near the foot of the south slope of Mt. Parnassós, c.6 mi (10 km) northeast of the port of Cirrha. It was the seat of the Delphic oracle, the most famous and most powerful of ancient Greece. , Indiana--(BUSINESS WIRE)--Dec. 22, 2000 Chromcraft Revington, Inc. (NYSE NYSE See: New York Stock Exchange :CRC (Cyclical Redundancy Checking) An error checking technique used to ensure the accuracy of transmitting digital data. The transmitted messages are divided into predetermined lengths which, used as dividends, are divided by a fixed divisor. ) announced today that it had received a proposal from Court Square Capital Limited, a unit of Citigroup, under which the holders of Chromcraft Revington's publicly traded shares would receive cash of $10.30 per share in a transaction to take the Company private. The offer is contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the execution of a definitive merger agreement, confirmatory due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and the approval of the Company's Board of Directors and stockholders. Michael E. Thomas, President and Chief Executive Officer of Chromcraft Revington, indicated that the Company's Board of Directors plans to form an independent special committee to evaluate the proposal and intends to respond to Court Square shortly. Chromcraft Revington, Inc. designs, manufactures and sells residential and commercial furniture throughout the United States under the "Peters-Revington," "Chromcraft," "Silver Furniture," "Cochrane" and "Sumter Cabinet" brand names. |
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