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euro adhoc: Financing, Stock Offerings (IPO) / Zapf Creation: CEO of MGA Entertainment submits offer for purchase of outstanding indebtedness
Geschrieben am 08.07.2007 - [Nächster Artikel] |
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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outstanding indebtedness
08.07.2007
Roedental, July 8, 2007 - Isaac Larian, the Chief Executive Officer
of MGA Entertainment, Inc., the largest shareholder of Zapf Creation
AG, informed the company that he is prepared to purchase the
company's outstanding indebtedness to banks for an adequate price. Mr
Larian submitted an offer to the syndicate of banks whose facility
expired on 30 June 2007. In a second step the Zapf Creation group
shall be refinanced long-term by banks used to working with MGA.
The Management Board of the company continues to negotiate with all
parties involved to secure the long-term financing of the company. To
avoid insolvency proceedings, a solution will have to be found
shortly.
end of announcement euro adhoc 08.07.2007 16:55:26
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ots Originaltext: Zapf Creation AG
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Phone.: +49 (0) 54 04 - 91 92 0
Fax: +49 (0) 54 04 - 91 92 29
Branche: Consumer Goods
ISIN: DE0007806002
WKN: 780600
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade
Börse München / free trade
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