Modern Technology Corp Initiates Tender Offer to Acquire Harvey Electronics Monday April 3, 3:38 pm ET
OXFORD, MS--(MARKET WIRE)--Apr 3, 2006 -- Modern Technology Corp (OTC BB:MOTG.OB - News) a diversified technology development and acquisition company announced today the formal commencement of a Tender Offer to stockholders of Harvey Electronics pursuant to Regulation 14D of the Securities and Exchange Act of 1934, as Amended. A "SCHEDULE TO" Tender Offer Statement Pursuant to Section 14(d)(1) or 13(e)(1) of the Securities Exchange Act of 1934 will be timely filed with the Securities and Exchange Commission subsequent to this announcement.
The summary of the offer's terms and some answers to common questions appear below.
Anthony Welch, Modern Technology Corp's Chairman said, "We feel this to be an outstanding offer to current Harvey Electronics stockholders. Not only does this offer provide a superb cash distribution and excellent premium above market price, but it also provides an equity position in the new larger organization. Stockholders of Harvey will continue as stockholders of a new and more powerful combined organization, with far greater market liquidity, a fantastic vision, a model of continuous growth, and expecting to generate a profitable $65,000,000 in revenue for 2006. We welcome the stockholders of Harvey Electronics to our bold vision for the future."
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quote:Originally posted by Doniboy: AANI...Ledbed is not often wrong.
pumper!
I'm not pumper, I am just telling you what Ledbed is endorsing. It is legitimate info on a stock that I don't even own. Besides this thread asks for an opinion and that's what I gave.
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