posted
JUPITER Global Holdings, Corp. Confirms It Is in Substantive Negotiations With Prospective Acquiror/Merger Candidate
Tuesday , February 28, 2006 09:25 ET
LAS VEGAS, NV, Feb 28, 2006 (MARKET WIRE via COMTEX) -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: 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
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
JUPITER Global Holdings, Corp. Confirms It Is in Substantive Negotiations With Prospective Acquiror/Merger Candidate
Tuesday , February 28, 2006 09:25 ET
LAS VEGAS, NV, Feb 28, 2006 (MARKET WIRE via COMTEX) -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (OTC: 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
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
If I had a dollar every time I saw a press release like this from Jupiter... Just kidding. I'm sure this will cause pps to move up some, I'm just still a little bitter from the vxbx spinoff and having restricted shares for who knows how long!
Posts: 256 | Registered: Oct 2005
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posted
Quick question for those who know how this works. It says there are 2 MMs each trying to sell 5000 at .0004. I think the number is in thousands, which means there are 10mil shares for sale at .0004. Would it be worth throwing out the $4K to get them out of the way and get he 5's in the door, or will it not necesarily bring the bids up with it?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
I'm hopeful that a co. of caliber of Verizon is talking with them. It seems that MACRO is the golden nugget that could generate interest for acquisition. I believe that the MACRO purchase was always intended for eventual sale at markup. Trying to remember but what did JPHC pay for MACRO? Anyone...?
-------------------- yourdiligence Posts: 197 | From: western U.S. | Registered: Jan 2005
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posted
Is it possible that Jupiter could be a little more vague about the upcoming transaction?
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
if we ever break above 5 this thing is going to be a runner... but until then, i'm gonna hold.. high volume and upticking = good
Posts: 330 | Registered: Feb 2005
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posted
this one is going to be a winner, just look at the chart and compare to Sept. 05, same pattern, with news this flys
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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was anyone able to get in at .0003 ?????? im trying to,, i see some trustworthy faces jumpin in on this one,,, i dont wanna miss the boat,,,
-------------------- Sometimes its easier to beg for forgiveness than ask for permission. Posts: 234 | From: pa USA | Registered: Nov 2004
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posted
Ive been trying for .0003 for two days, nothing yet, got 1.6 mill at .0004
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
GLTA....It seems like its having gr8 diff getting beyond 5...Lets hope leter today it ends at 5 and ten gap up in am at 6.... That would be nice...
-------------------- This is not a recommendation to buy or sell securities. Posts: 1206 | Registered: Feb 2006
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-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
lets see if th eod vol occurs like it did yesterday
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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