Printer Friendly

MONITERM ANNOUNCES LETTER OF INTENT

 MONITERM ANNOUNCES LETTER OF INTENT
 MINNETONKA, Minn., March 24 /PRNewswire/ -- Moniterm Corporation


(NASDAQ: MTRMQ) announced today that it has entered into a letter of intent with Monitor Technology Corporation, Plymouth, Minn., whereby Monitor Technology Corporation would acquire certain assets of Moniterm. These assets include inventories, molds, tools, designs and Moniterm's technology.
 Moniterm filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code on Nov. 12, 1991. The corporation announced in December 1991, that it would cease manufacturing by February 1992, and was seeking buyers for all of its businesses and assets.
 The transaction is subject to signing of definitive agreements between the parties and approval by the bankruptcy court.
 -0- 3/24/92
 /CONTACT: John D. McClung of Moniterm, 612-935-4151/
 (MTRMQ) CO: Moniterm Corporation ST: Minnesota IN: CPR MTC SU: TNM


KH -- MN008 -- 1057 03/24/92 12:15 EST
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:Mar 24, 1992
Words:143
Previous Article:THE SINE COMPANIES CONNECTED TO AUTO INDUSTRY FUTURE
Next Article:NATIONAL ENVIRONMENTAL INSURER INCREASES LIMITS OF ENVIRONMENTAL LIABILITY COVERAGE TO $10 MILLION
Topics:


Related Articles
MONITERM ANNOUNCES FILING A PETITION UNDER CHAPTER 11
MONITERM ANNOUNCES REDUCTION IN WORK FORCE
MONITERM ANNOUNCES POSSIBLE CLOSING OF UTAH SUBSIDIARY
MONITERM ANNOUNCES REDUCTION IN WORKFORCE
WASATCH HIGH VOLTAGE ANNOUNCES LETTER OF INTENT
MONITOR TECHNOLOGY BUYS ASSETS OF MONITERM
THERMAL INDUSTRIES TO TERMINATE LETTER OF INTENT WITH JELD-WEN, INC.
LSB INDUSTRIES, INC. ANNOUNCES $49 MILLION LETTER OF INTENT WITH POLISH CUSTOMER
CleveTrust Realty Investors Announces Proposed Purchase Offer From RM Crowe Company
Embassy Acquisition Corp. And Orthodontix, Inc. Extend Term Of Letter Of Intent For Business Combination

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