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Article: BRAINERD INTERNATIONAL, INC.'S BOARD OF DIRECTORS APPROVES THE COMPANY'S ACQUISITION OF THE COLONEL'S, INC.
- Article from:
- PR Newswire
- Article date:
- February 27, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. 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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MILAN, Mich., Feb. 27 /PRNewswire/ -- On February 27, 1995 at a special meeting of the board of directors of Brainerd International Inc. (Nasdaq: BIRI), the Board voted to submit the proposal regarding Brainerd International Inc. acquiring all of the outstanding shares of The Colonel's, Inc. to Brainerd International Inc. shareholders for their approval.
Under the terms of the proposed acquisition, Brainerd International Inc. will exchange 23,500,000 of the company's shares for all of the outstanding shares of The Colonel's, Inc. The shares to be exchanged by Brainerd International Inc. would represent approximately 97.2% of the company's shares to be outstanding ...
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