posted
The MM's pulled it down real briefly to 2 and then came right back up to 3, now it is at 4. Volume has picked up and news is expected this week about the dividend. (Last PR said dividend release date within 30 days as of Feb 1) Something to keep an eye on either way. The MM's were flaking off 4 yesterday as well.
Posts: 330 | Registered: Feb 2005
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JUPITER Global Holdings, Corp. Confirms It Is in Substantive Negotiations With Prospective Acquiror/Merger Candidate
By Market Wire Last Update: 2/28/2006 9:25:03 AM Data provided by
LAS VEGAS, NV, Feb 28, 2006 (MARKET WIRE via COMTEX) -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (JPHC) today announces confirmation that the Company is in substantive discussions and negotiations with a prospective acquiror/merger candidate. At this stage, the Company is not able to announce any specific terms that may be included in an acquisition transaction, if negotiations are successful, but management believes that the parties to the negotiations anticipate finalizing a preliminary agreement.
As previously announced the Company's Board of Directors has authorized its management to commence preparations to develop a plan to become a target for acquisition or merger by a suitable strategic buyer. That planning continues and the Company's efforts in developing and subsequently executing that plan have begun to produce results such as attracting a suitable buyer.
The Company recently had begun discussions with more than one interested party and within the last several days the Company's efforts has focused on one potential candidate and those discussions have become more substantive in nature. As developments progress and the details of a transaction emerge, the Company will make appropriate announcements and disclosures that are required.
Key items such as the execution of definitive documents and the finalization of the previously announced independent valuation report are some of the items that are required for the negotiations to result in preliminary and final agreements.
Management of JUPITER is encouraged by the level of negotiations and the serious intent of both parties to move forward. Management looks forward to the execution of the steps ahead to achieve success. Although management is encouraged at this stage of the discussions, no assurances can be given that an acquisition or merger transaction will be agreed to by the parties or that such a transaction will be approved by our shareholders, if required.
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. JUPITER Global Holdings Corp. intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause JUPITER Global Holdings Corp. actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in JUPITER Global Holdings Corp. applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov
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