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Article: Lucille Farms announces receipt of non-binding offer to purchase company.
- Article from:
- Business Wire
- Article date:
- June 12, 1997
CopyrightCOPYRIGHT 1997 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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MONTVILLE, N.J.--(BUSINESS WIRE)--June 12, 1997--Lucille Farms Inc. (NASDAQ/LUCY) today announced that it received a non-binding offer by Suprema Specialties Inc. to purchase all of the shares of Lucille Farms at $2.50 per share in cash.
According to the proposal, it is "non-binding and is subject to the preparation and execution of a mutually satisfactory acquisition agreement, and satisfaction with the results of our due diligence investigation of Lucille Farms."
The Board of Directors of Lucille Farms intends to schedule a special meeting to consider the offer for later this month. The company has informed Suprema Specialties that, consistent ...
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