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From: python@pnet01.CTS.COM (Greg Scribner)
Newsgroups: comp.sys.atari.st
Subject: Re: Atari buying Federated?
Message-ID: <1603@crash.CTS.COM>
Date: Tue, 25-Aug-87 00:05:07 EDT
Article-I.D.: crash.1603
Posted: Tue Aug 25 00:05:07 1987
Date-Received: Wed, 26-Aug-87 05:42:30 EDT
Sender: news@crash.CTS.COM
Organization: People-Net [pnet01], El Cajon, CA
Lines: 32

Here is an article quoted from the Evening TRibune Financial page. "Atari
Corp., the personal computer and video game maker, has agreed to buy The
Federated retail electronics chain for 67.3 million in cash.
 
    Under terms of a merger agreement announced yesterday, Atari will tender
an offer for the 10.7 million outstanding shares of Federated stock by Aug.
28.

    The Federated GroupIncs.'s seven member board unanimously approved the
$6.25-a-share offer, according to a joint statement the companies released
Sunday.
    
    Atari will gain 65 retail consumer electronics stores in california,
Arizona, Texas and Kansas.

    The firm has trouble finding retailers for its products."


That it.

Greg Scribner
rowley@ORVILLE.ARPA (Karl Rowley) writes:
>
>I heard on the radio news this morning that Atari was buying Federated 
>Stores.
>Anybody know anything about this?
>
>Karl Rowley
>rowley@orville.nas.nasa.gov
>
>WARNING:  I am only reporting what I heard.  However, Jack has been known to
>do the unexpected.