TITLE

Board Looking To Take Harvey Private

AUTHOR(S)
Wolf, Alan; Malester, Jeff
PUB. DATE
September 2005
SOURCE
TWICE: This Week in Consumer Electronics;9/19/2005, Vol. 20 Issue 19, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the plan of Harvey Electronics' board to turn the company into a private enterprise by delisting it from the NASDAQ stock exchange in the U.S. The New York metro area A/V specialty chain is asking shareholders to approve a series of stock transactions that would allow the company to be de-listed from the NASDAQ stock exchange and to de-register its common stock. Harvey shares would then be traded in private over-the-counter transactions via the Pink Sheets electronic quote system for broker-dealers. Harvey has not received significant benefits from being a public company and has failed to provide increased value to its shareholders, the filing stated. The requested stock transactions would reduce the number of shareholder to less than 300 from the current 352.
ACCESSION #
18414595

 

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