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Article: Freedom Tax Credit Plus L.P. Responds to Tender Offer.
- Article from:
- Business Wire
- Article date:
- May 5, 2006
CopyrightCOPYRIGHT 2006 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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NEW YORK -- Freedom Tax Credit Plus L.P. ("Freedom") responded today as follows to an unsolicited tender offer (the "Offer") by Peachtree Partners, Ira Gaines and Barry Zemel (collectively, the "Offerors") to purchase up to 72,896 units, or approximately 4.9% of the outstanding limited partnership units, of Freedom at a price of $25 per unit, less certain reductions to that purchase price (including an "administrative fee" of $150 per selling investor) as described in the Offerors' written tender offer materials dated April 26, 2006 (the "Offering Materials"). The Offerors are not affiliated with Freedom or its general partner.
Freedom expresses no opinion and ...