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The Daily Sentinel from Grand Junction, Colorado • 23
- Publication:
- The Daily Sentineli
- Location:
- Grand Junction, Colorado
- Issue Date:
- Page:
- 23
Extracted Article Text (OCR)
I Bussiini CBS move tough on Turner Networks stock repurchase plan may block takeover attempt Town of Gilman can be .11 yours for holders consideration of our offer and unlawfully, we believe, entrench themselves. The CBS proposal, made last Wednesday, offers $40 in cash and $110 in securities for each share of stock. Turner refused to discuss the possiblility of sweetening his offer to trade $175 worth of high-yield, high-risk securities as a cashless exchange with CBS shareholders for each share of CBS stock. Asked about the possibility of adding cash to his offer. Turner said, I really cant comment on that at this time.
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