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Phoenix Footwear Group, Inc. Updates 2003 Outlook; Comments on Recent Bid for Antigua Enterprises, Inc.

Publication: PR Newswire
Publication Date: 18-MAR-03
Format: Online - approximately 662 words
Delivery: Immediate Online Access

Article Excerpt
-- Continued Growth in Revenues and Profits Expected

OLD TOWN, Maine, March 18 /PRNewswire-FirstCall/ -- Phoenix Footwear Group, Inc. today commented on its recent bid for Antigua Enterprises, Inc. (TSX Venture: ANE). The Company also updated its earnings outlook for 2003.

On January 8, 2003, Phoenix Footwear announced that it had sent a letter to the Board of Directors of Antigua Enterprises, Inc. in which Phoenix Footwear offered to acquire Antigua through a tax-free merger. Following this announcement, Phoenix Footwear engaged in negotiations with Antigua's management and Board which resulted in improved terms for Antigua's shareholders. On March...

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