Macro Tsimmis

intelligently hedged investment

Transmeridian (TMY) update #14

Posted by intelledgement on Thu, 31 Jan 08

Transmeridian announced today after the close that the deadline for CEO Lorrie Olivier to pull together the financing to take the company private at $3/share has been extended until 15 February. According to the press release, “the company remains in communication with other interested parties. The merger agreement permits the company to solicit competing offers for the acquisition of the company until the financing condition to TMI’s obligation to commence the tender offer contemplated by the merger agreement is satisfied.”

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