Latest Lict Corporation (LICT) Headlines LICT
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Posted On: 03/10/2014 10:46:22 AM
Latest Lict Corporation (LICT) Headlines
LICT Announces Receipt Of Non-Binding Acquisition Proposal
PR Newswire - Thu Feb 20, 9:25AM CST
LICT Corporation (Pink Sheets: LICT) ("LICT" or the "Company") announced today that it has received an unsolicited, preliminary non-binding proposal from an unaffiliated third party to acquire the Company. While the proposed purchase price represents a significant premium to LICT's current trading price, LICT's Board of Directors has determined that the proposed purchase price does not adequately reflect what we refer to as the private market value of LICT and has rejected the proposal. While LICT's main focus is on growing the value of our businesses, the Board will carefully review any credible offer made to acquire the Company that delivers full value to LICT stockholders. At this time, there can be no assurance that any revised proposal will be made or that this or any other transaction will be approved or consummated. The Company is currently in negotiation to initiate a management buy-out of one of its operating units. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
LICT Announces Receipt Of Non-Binding Acquisition Proposal
PR Newswire - Thu Feb 20, 9:25AM CST
LICT Corporation (Pink Sheets: LICT) ("LICT" or the "Company") announced today that it has received an unsolicited, preliminary non-binding proposal from an unaffiliated third party to acquire the Company. While the proposed purchase price represents a significant premium to LICT's current trading price, LICT's Board of Directors has determined that the proposed purchase price does not adequately reflect what we refer to as the private market value of LICT and has rejected the proposal. While LICT's main focus is on growing the value of our businesses, the Board will carefully review any credible offer made to acquire the Company that delivers full value to LICT stockholders. At this time, there can be no assurance that any revised proposal will be made or that this or any other transaction will be approved or consummated. The Company is currently in negotiation to initiate a management buy-out of one of its operating units. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
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