Printer Friendly

BIOCRAFT ANNOUNCES BOARD DECISION TO EXPLORE STRATEGIC ALTERNATIVES

BIOCRAFT ANNOUNCES BOARD DECISION TO EXPLORE STRATEGIC ALTERNATIVES
 FAIR LAWN, N.J., May 27 /PRNewswire/ -- Biocraft Laboratories, Inc. (NYSE: BCL), a leading manufacturer of generic drugs, announced today that its board of directors had authorized the company's investment bankers, Wertheim Schroder & Co. Incorporated, to assist it in exploring various strategic options in order to enhance the value of the company to its shareholders. Among the options being considered is the sale of the company through a merger or other business combination.
 The decision by the board to proceed at this time is primarily based on the company's expectation for growth in the 1990s.
 -0- 5/27/92
 /CONTACT: Harold Snyder, chief executive officer of Biocraft Laboratories, 201-703-0400/
 (BCL) CO: Biocraft Laboratories, Inc. ST: New Jersey IN: MTC SU:


SH -- NY011 -- 4109 05/27/92 09:12 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 27, 1992
Words:137
Previous Article:STANFORD UNIVERSITY ANNOUNCES THE PURCHASE OF THINKING MACHINES' CM-5 SUPERCOMPUTER SYSTEM
Next Article:FEDERAL RESERVE BANK OF KANSAS CITY ISSUES STATEMENT ON GLOBAL WARMING'S EFFECTS ON AGRICULTURE
Topics:


Related Articles
BROTHERS BOARD ANNOUNCES FORMATION OF SPECIAL COMMITTEE
HILLHAVEN SPECIAL COMMITTEE TO EXPLORE STRATEGIC ALTERNATIVES
PHARMAKINETICS LABORATORIES, INC. ANNOUNCES FDA APPROVAL FOR SUCRALFATE TABLETS
PHARMAKINETICS LABORATORIES, INC. ANNOUNCES RESULTS OF THIRD QUARTER
OMNI Engages Citi as Financial Advisors.
Arrow International, Inc. Announces Formation of a Special Committee of the Board to Explore Strategic Alternatives.
SectorWatch.biz Issues MarketStats on KBLB, DGX, LH, BRLI, and ABT.
SectorWatch.biz Issues MarketStats on KBLB, DOW, DD, CE, and TOT.
SectorWatch.biz Issues MarketStats on Specialty Chemical Equities KBLB, DOW, DD, CE, and TOT.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters