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Article: Equitex Accepts Offer from iGames Entertainment, Inc. for the Sale of Its Chex Services Subsidiary.
- Article from:
- Business Wire
- Article date:
- November 12, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ENGLEWOOD, Colo. & PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Nov. 12, 2003
Equitex, Inc. (Nasdaq:EQTX) announced today that its board of directors, after extensive deliberations and consultation with its financial advisor, has determined that the unsolicited offer received from iGames Entertainment, Inc. of Las Vegas, Nevada ("iGames"), for the purchase of Equitex's wholly owned subsidiary, Chex Services, Inc. ("Chex"), is a higher and better offer for the Equitex stockholders than the transactions contemplated by the previously announced agreement with Cash Systems, Inc. Equitex therefore has executed a definitive agreement for the ...
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Article: Equitex Signs Definitive Agreement for Sale of Subsidiary ...
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July 23, 2003 ;
700+ words
... ... common stock to Equitex for all of the outstanding common stock of Chex Services. As part of the agreement, Equitex will distribute ... transactions including the Chex Services/Cash Systems transaction ... the operations of Equitex, its subsidiaries ...
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