Printer Friendly

FLETCHER CAPITAL MARKETS, INC., AGREES TO TERMS TO PURCHASE COMMON SHARES FROM ZENITH ELECTRONICS CORPORATION

 NEW YORK, March 26 /PRNewswire/ -- Fletcher Capital Markets, Inc. (Fletcher) today announced that it has entered into an agreement to make a direct equity investment of approximately $10 million in Zenith Electronics Corporation (Zenith) (NYSE: ZE).
 Michael S. Meade, executive vice president of Fletcher, remarked, "This investment marks the beginning of what should be a long-term relationship between Fletcher and Zenith. We look forward to exploring other opportunities with Zenith in the future."
 Fletcher Capital Markets, Inc. and its affiliates make strategic investments in companies to which they can bring innovative financial strategies. Fletcher Capital Markets was founded in 1991 by its Chief Executive Officer Alphonse "Buddy" Fletcher.
 -0- 3/26/93
 /CONTACT: Michael J. Reitbrock or David Weinstock II of Clark & Weinstock Inc., 212-953-2550, for Fletcher Capital Markets, Inc./
 (ZE)


CO: Fletcher Capital Markets, Inc.; Zenith Electronics Corp. ST: New York, Illinois IN: CPR SU: TNM

PS-TS -- NY009 -- 9960 03/26/93 09:23 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 26, 1993
Words:156
Previous Article:KPMG ANNOUNCES NEW INTERNATIONAL LEADERSHIP JON MADONNA ASSUMES DEPUTY CHAIR OF WORLDWIDE FIRM
Next Article:HADSON ANNOUNCES RESULTS OF RESTRUCTURING
Topics:


Related Articles
ZENITH FILES REGISTRATION STATEMENT, RECEIVES WORKING CAPITAL LENDING COMMITMENT
ZENITH ELECTRONICS CORP. STOCKHOLDERS APPROVE AUTHORIZATION TO ISSUE PREFERRED STOCK
ZENITH ANNOUNCES SALE OF COMMON STOCK, SIGNS $90 MILLION CREDIT AGREEMENT
ZENITH ANNOUNCES FURTHER $13 MILLION PRIVATE SALE OF DEBENTURES
ZENITH ISSUES STOCK TO PROFIT-SHARING RETIREMENT PLANS
ZENITH BOARD AUTHORIZES STOCK SALE
LG ELECTRONICS TO ACQUIRE MAJORITY INTEREST IN ZENITH
LG ELECTRONICS EXTENDS EXPIRATION OF TENDER OFFER FOR ZENITH COMMON STOCK
'NEW CHAPTER IN ZENITH HISTORY' BEGINS; $351 MILLION DEAL WITH LG ELECTRONICS COMPLETED
ZENITH STOCKHOLDERS APPROVE LG ELECTRONICS DEAL; TRANSACTION EXPECTED TO BE COMPLETED TOMORROW

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters