Article: Clucker's Wood Roasted Chicken Inc. transaction finalized with Roasters Corp.

NORTH MIAMI, Fla.--(BUSINESS WIRE)--Nov. 14, 1994--Clucker's Wood Roasted Chicken Inc. (NASDAQ:CLUK,CLUKW) has completed the sale of 896,057 shares of common stock and warrants to purchase an additional 2 million shares of common stock at $6.00 per share to Roasters Corp. ("Roasters") for $5 million.

On Jan. 4, 1995, Roasters will purchase an additional 849,329 shares of Clucker's common stock from Clucker's former Chief Executive Officer, David L. Scharps, and his family for $6.00 per share. Until the consummation of the sale of those shares, the shares will be held in a voting trust for which Greg Dollarhyde and Andrew Howard, executive officers of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!