REII Inc. Announces Consideration of $8 Million Offer.NAPLES, Fla.--(BUSINESS WIRE)--Sept. 17, 1999-- The board of directors of REII Incorporated (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:REIC REIC Real Estate Institute of Canada REIC Real Estate Industrial Complex REIC Real Estate Investment Corporation ) is presently considering an offer of $8 million for the company which equals about $1.80 per share for all the outstanding shares of the company. REII Incorporated (Formerly BAP BAP - 1. [Listed in CACM 2(5):16 (May 1959)]. The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding. shares authorized See authorized capital stock. with 4,655,000 shares outstanding. REII Incorporated is the parent company of Ricketts Enterprises International Inc. The offer includes all outstanding shares of the company as well as all outstanding debts and agreements, which includes options on 18 income properties, as well as the first refusal of a software company. The board of directors do not require the approval of the shareholders to accept this offer, however the board of directors have passed a resolution that all shareholders will be notified before a final acceptance. This offer expires Sept. 25, 1999. |
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