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Article: Ascent Entertainment's Acquisition of SpectraVision Advances
- Article from:
- PR Newswire
- Article date:
- August 6, 1996
CopyrightCOPYRIGHT 1996 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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DENVER, Aug. 6 /PRNewswire/ -- Ascent Entertainment Group, Inc. (Nasdaq: GOAL) announced today that the bankruptcy court for the district of Delaware has approved the First Amended Disclosure Statement concerning Ascent's proposed acquisition of SpectraVision (AMEX: SVN), which is currently operating in bankruptcy, and authorized its distribution to SpectraVision's creditors.
SpectraVision expects to mail the Disclosure Statement to its creditors and other parties in interest on August 9, 1996. The court set September 4, 1996 as the date by which creditors must vote on the reorganization plan described in the disclosure statement, and set 11:00 a.m. September 11, ...