Geneve Corporation Withdraws Proposal to Acquire The Aristotle Corporation
September 18 2006 - 7:31PM
Business Wire
The Aristotle Corporation (NASDAQ: ARTL; ARTLP) announced that the
Special Committee of its Board of Directors today received a letter
from Geneve Corporation indicating that, despite extensive efforts,
Geneve and the Special Committee had been unable to reach agreement
in respect of Geneve's May 22, 2006 proposal to acquire the
remaining outstanding shares of Aristotle Common Stock
(approximately 1.2 million shares, or 7%) and all of the
outstanding shares of Aristotle Series I Preferred Stock
(approximately 1.1 million shares). Geneve has therefore withdrawn
its proposal.
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