Article: ETFS Acquisition Corp. Proposes Merger With East Texas Financial Services Inc.

PARIS, Texas--(BUSINESS WIRE)--Aug. 24, 1999--

ETFS Acquisition Corp. ("Acquisition"), announced today its proposal to acquire East Texas Financial Services Inc. ("East Texas"), through a merger in which shareholders of East Texas would receive $16.00 per share in cash for each of their shares of Common Stock, representing an aggregate value to the shareholders of East Texas, excluding shareholders of Acquisition, of approximately $20 million. East Texas is the parent company of First Federal Savings & Loan Association of Tyler, Texas.

Acquisition is owned by William D. Vaughn, Dr. Earl D. Bellamy, Dr. Basin M. Jishi and Donald G. Wilson. They filed a ...

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!