Clement Enterprises, Inc. Submits Offer to Purchase Featherlite Luxury Coach Division.Business Editors CRESCO, Iowa--(BUSINESS WIRE)--Dec. 21, 2001 The Special Committee, consisting of the outside directors of the Featherlite, Inc. (Nasdaq:FTHR FTHR Farther FTHR Full Throttle Hot Rod (magazine) ) Board of Directors, announced today that it has received an offer from Clement Enterprises Inc. of Sanford, Florida, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. owned by Conrad Clement, to purchase Featherlite's Luxury Coach Division. Clement is the president and 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. of Featherlite, Inc. The Special Committee and its investment banking firm, Goldsmith Agio AGIO, aggio. This term is used to denote the difference of price between the value of bank notes and nominal money, and the coin of the country. Encyc. Helms of Minneapolis, Minnesota, are reviewing the offer. "We are evaluating the offer submitted by Clement Enterprises and have advised them to continue their work in securing financing to complete a transaction," a spokesperson for the Special Committee said. "Goldsmith Agio Helms will continue to proceed to solicit other offers." Featherlite Luxury Coaches is based in Sanford, Florida. About Featherlite, Inc. Featherlite, Inc., is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. leader in designing, manufacturing and marketing high quality aluminum specialty trailers, specialized transporters and custom mobile marketing trailers, and luxury motorcoaches. |
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