DenAmerica Exercises Option to Terminate Proposed Merger With Tech Electro.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Oct. 27, 1998--DenAmerica Corp. (AMEX AMEX See: American Stock Exchange :DEN (Directory Enabled Networks) The management of a network from a central depository of information about users, applications and network resources. Originally an initiative from Microsoft and Cisco, DEN was turned over to the DMTF in 1998, and its extensions were made ) announced today that it has terminated the merger transaction with Tech Electro E`lec´tro n. 1. An electrotype. Industries, 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 :TELE). Under the terms of the merger agreement, if certain financing contingencies were not met by October 24, 1998, DenAmerica had the right to terminate the agreement with no ongoing obligation. DenAmerica Corp. operates full-service, family-oriented and casual dining restaurants, based primarily on the Denny's brand and DenAmerica's own Black-eyed Pea restaurant concept. Company restaurants are located in 31 states, with the largest concentration in the Southwest, Midwest and West regions. |
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