Printer Friendly

RICHMONT ACQUIRES STOCK IN MOTOR COACH INDUSTRIES

 DALLAS, Nov. 29 /PRNewswire/ -- Richmont Capital Partners I, L.P. today revealed it holds shares and options representing 5.7 percent of the common stock of Motor Coach Industries International, Inc.
 In a Schedule 13D filing with the U.S. Securities & Exchange Commission, Richmont said it had acquired shares and options relating to 1,139,800 shares of Motor Coach stock through Nov. 29, 1993.
 Richmont said it had acquired the shares for investment purposes. Richmont stated it intends "to monitor the company's actions and, to that end, may engage in discussions with the company" concerning Richmont's views with respect to the businesses of Motor Coach and "possible methods to enhance stockholder value."
 Richmont is a limited partnership, the general partners of which are J.R. Investments Corp. and New Arrow Corporation, a subsidiary of Mary Kay Cosmetics Inc. John P. Rochon is managing general partner of Richmont. He is also majority owner of J.R. Investments Corp. and CEO of Mary Kay Corporation, parent of MKCI.
 -0- 11/29/93
 /CONTACT: Dwight Smith of Richmont Capital Partners I, L.P., 214-720-0607/


CO: Richmont Capital Partners I, L.P.; Motor Coach Industries
 International, Inc. ST: Texas IN: SU: TNM


WB -- NY098 -- 8498 11/29/93 19:25 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:Nov 29, 1993
Words:208
Previous Article:AMERICAN GENERAL ELECTS TO RETAIN PRINCIPAL ORDINARY LIFE INSURANCE SUBSIDIARIES AND ANNOUNCES WRITEDOWN OF ACQUISITION-RELATED GOODWILL
Next Article:STANDARD & POOR'S STOCK PRICE INDEX -- CLOSING, MONDAY, NOV. 29
Topics:

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