D.G. Jewelry is Takeover Target; Israeli Company Offers $2.50 Cash Per Share.Business Editors TORONTO--(BUSINESS WIRE)--Nov. 30, 2000 D.G. Jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. Inc. (Nasdaq:DGJL) today announced that it has received an unsolicited offer for the purchase of all its outstanding shares for a cash consideration of $2.50 per share. Caprice ca·price n. 1. a. An impulsive change of mind. b. An inclination to change one's mind impulsively. c. Jewelry Inc., traded on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. , advised by fax communication dated November 26, 2000 that its offer was open for acceptance through December 31, 2000 and contained certain conditions including, but not limited to, satisfactory 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. , financing, and regulatory and board approvals. The offer requires as well that a minimum of 90% of D.G. Jewelry's shares be tendered. The Company will convene a special meeting of its Board of Directors to evaluate the offer. D.G. Jewelry Inc. is primarily engaged in the design, manufacture, merchandising and distribution of stone-set jewelry for major retailers including department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , mass merchants, shopping networks, major high-volume retails and other major discounters in the U.S., Canada an Europe. For more information, please visit us at www.dgjewelry.com. Except for the historical information contained herein, the matters discussed in this release include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in product demand, the impact of competitive products and pricing, changing economic conditions both here and abroad, release an sales of new products, other risk factors detailed in the company's most recent annual report and filings with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion