XO Holdings (OTCBB:XOHO): Icaan Offers 70 cents for Outstanding Shares through ACF Industries, an entity owned by Carl Icahn, sent a letter to XO Holdings, pursuant to which ACF Holding made a non-binding proposal to acquire all of the outstanding shares which it does not own, for 70c per share in cash. ACF Holding indicated that this transaction would not be subject to its ability to obtain financing. ACF noted that in no event is ACF Holding or its affiliates prepared to be a seller of its shares in any transaction.
Friday, January 21, 2011
XO Holdings (OTCBB:XOHO): Icaan Offers 70 cents for Outstanding Shares
XO Holdings (OTCBB:XOHO): Icaan Offers 70 cents for Outstanding Shares through ACF Industries, an entity owned by Carl Icahn, sent a letter to XO Holdings, pursuant to which ACF Holding made a non-binding proposal to acquire all of the outstanding shares which it does not own, for 70c per share in cash. ACF Holding indicated that this transaction would not be subject to its ability to obtain financing. ACF noted that in no event is ACF Holding or its affiliates prepared to be a seller of its shares in any transaction.
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