Claremont-Beal announces extension of tender offer.BOSTON--(BUSINESS WIRE)--Nov. 17, 1994--Claremont-Beal Acquisition Limited Partnership announced today that it will extend its tender offer for the preferred units in Winthrop Winthrop, residential town (1990 pop. 18,127), Suffolk co., E Mass., on a peninsula extending into Boston Bay; settled 1635, set off from North Chelsea and inc. 1852. Several houses of historical interest (17th–18th cent. Financial Associates, a Limited Partnership, until midnight, December 8, 1994. A competing tender offer was filed by Londonderry Acquisition Limited Partnership, an affiliate of Apollo Real Estate Advisors, which has had discussions with the General Partner of Winthrop. Claremont-Beal officials have requested financial information from the General Partner of Winthrop to determine the viability of a revised offer. To date, approximately 43,000 units have been tendered. If a higher offer is presented by Claremont-Beal, those unitholders who have tendered to Claremont-Beal would automatically receive the higher price. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. George McGoldrick of Claremont-Beal, "The unitholders will benefit from a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process. With immediate access to the materials Apollo previewed, we will be able to respond to the unitholders in time for their decision." In addition, Claremont-Beal is in discussions with Farallon Capital Management Inc., an asset management firm headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden with over $1 billion under management, about an equity investment and involvement by an affiliate of Farallon in Claremont-Beal. Farallon was most recently involved in the successful resolution of the complex Integrated Resources bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most case and was prominently featured in the November 15, 1994 edition of The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times. Inquiries should be directed to Arthur B. Crozier crozier see crosier. , senior vice president, Georgeson & Company Inc. at 1-800-223-2064. For further information, please contact George L. McGoldrick, Jr., vice president of the Beal Companies, 177 Milk Street, Boston, MA 02109, or call 617/341-2100, ext. 226. CONTACT: The Beal Companies Inc.
George L. McGoldrick, Jr., 617/341-2100, ext. 226
or
Georgeson & Company Inc.
Arthur B. Crozier, 1-800-223-2064
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