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Stockholder's Offer Letter to Firstmark Corp.

Publication: PR Newswire
Publication Date: 05-APR-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
AUSTIN, Texas, April 5 /PRNewswire/ -- As previously announced, FMK Investors, LLC, a limited liability company indirectly controlled by John J. Gorman, has made a proposal to the board of directors of Firstmark Corp. (OTC Pink Sheets: FIRM) to acquire all of Firstmark's outstanding common stock for $1.35 per share in cash and all of Firstmark's outstanding preferred stock for a price per share equal to the liquidation preference for the preferred stock, plus all accrued and unpaid dividends.

The proposal was made in a...

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