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The eBearing News
January 23, 2001
General Bearing Completes Management Buyout Agreement
copyright © 2001 eBearing Inc.
General Bearing Company (West Nyack, New York) has officially signed an agreement
to be acquired in a management-led buyout of the company.
The buyout was originally announced in July 2000, for September 1, 2000
• click here to read the original announcement article
Then on August 24, 2000 the offer was extended to December 1, 2000, without comment
• click here to read the article about the first extension
On December 1, 2000, it was extended again, this time to March 1, 2001.
• click here to read the article about the second extension
General Bearing anticipates the transaction will close during Spring 2001, subject
to shareholder approval and funding contingencies. Under the plan, public shareholders
will receive $6.50 per share in cash.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2009, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2009, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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