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Article: MIDLAND FINANCIAL GROUP REPORTS AUDITED BOOK VALUE PER SHARE FOR 1995.
- Article from:
- Business Wire
- Article date:
- April 2, 1996
CopyrightCOPYRIGHT 1996 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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MEMPHIS, Tenn.--(BUSINESS WIRE)--April 2, 1996--Midland Financial Group, Inc. (Nasdaq/NM-MDLD) today announced that its audited book value per share for 1995 totaled $9.06.
As previously announced, the Company has signed a definitive agreement to merge with Danielson Holding Corporation (AMEX-DHC). The agreement calls for Midland's stockholders to receive consideration equal to 1.6 times book value at December 31, 1995, in a combination of cash and preferred and common shares in Danielson. Based on Midland's audited book value per share of $9.06 at year end 1995, this combination of cash and securities is valued at $14.50 per share.
The ...