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Purchaser Waives Material Adverse Change Condition, Proceeds With Cash Offer for Outstanding Shares Of Elmer's Restaurants, Inc. at $7.50 Per Share.

Publication: PR Newswire
Publication Date: 28-FEB-05
Format: Online - approximately 465 words
Delivery: Immediate Online Access

Article Excerpt
ERI Acquisition Corp. ("Purchaser") today announced that it has waived its right to amend or terminate the cash tender offer based on the February 15, 2005 proposal by the Director of the Oregon State Lottery. Purchaser has made a cash tender offer for all of the outstanding common stock of Elmer's Restaurants, Inc. (the "Company") not owned by a group of continuing shareholders led by Bruce N. Davis,...

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