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Article: Bioanalytical Systems, Inc. Announces Delay of Sale-leaseback of Baltimore Facility.
- Article from:
- Business Wire
- Article date:
- September 22, 2004
CopyrightCOPYRIGHT 2004 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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WEST LAFAYETTE, Ind. -- Bioanalytical Systems, Inc. (Nasdaq:BASI) today announced that it has been notified by the firm with which it had reached an agreement in principle for the sale and leaseback of its Baltimore building that the potential buyer is exercising its right to withdraw from the transaction on the previously announced terms. Michael Cox, CFO, stated, "There is always risk in non-binding agreements that the parties will not be able to come to agreement on definitive terms, which has happened. We remain committed to selling our Baltimore building, on terms which we believe reflect fair values. At the time we solicited offers for the building, there were ...
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