SHERWOOD TO ACQUIRE RAMIA HOLDINGS
SHERWOOD TO ACQUIRE RAMIA HOLDINGS PORT CHESTER, N.Y., Nov. 8 /PRNewswire/ -- Sherwood Corp.,
(NASDAQ: SHRW) announced today that it had signed an agreement to acquire all of the shares of Ramia Holdings Limited, a privately held Cyprus corporation.
Ramia Holdings Limited's principal asset is a waterfront parcel of real property on the Isle of Rhodes upon which it intends to construct a 526 room deluxe hotel. Completion of the sale, which is subject to certain conditions, is expected prior to month's end. -0- 11/8/91 /CONTACT: Anthony Russo, president of Sherwood Corp., 914-939-9000/ (SHRW) CO: Sherwood Corp. ST: California IN: SU: TNM AL-CH -- SD002 -- 0896 11/08/91 11:34 EST
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|Date:||Nov 8, 1991|
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