Town & Country reports on status of Class Rings.CHELSEA, Mass.--(BUSINESS WIRE)--Sept. 12, 1996-- Town & Country Corporation (AMEX AMEX See: American Stock Exchange :TNC (hardware) TNC - A threaded version of a BNC. ) reported today that the parties to the pending transaction involving the Company, CJC CJC Canadian Jewish Congress (Congrès Juif Canadien) CJC Criminal Justice Commission (Queensland, Australia) CJC Canadian Judicial Council CJC Criminal Justice Center CJC Commission on Judicial Conduct Holdings, Inc., and Castle Harlan Partners II, L.P., have reached an agreement with the staff of the Federal Trade Commission by which the original terms and conditions of the transaction, announced in May, have been modified. Details of the new arrangement will be announced upon final FTC FTC See Federal Trade Commission (FTC). approval. The Company reported in May that it had entered into an agreement with Class Rings, Inc., a new company formed by Castle Harlan Partners II, L.P. Pursuant to that agreement, the class ring operations of CJC Holdings and Town & Country would be combined to form Class Rings, Inc. The proposed transaction is subject to financing. Town & Country Corporation is an international manufacturer of fine jewelry, scholastic and educational products, with facilities in Kentucky, Massachusetts, New York, Texas New York is a hamlet in Henderson County, Texas, USA, about 11 miles east of Athens. Geography New York lies at the intersection of FM 804 and FM 607 in a stereotypically flat portion of East Texas, surrounded mostly by farm land. , Hong Kong, and Bangkok, Thailand. Town & Country currently has approximately 2,500 employees worldwide. CONTACT: Town & Country Irene Shea, 617/884-8500 |
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