HBW Insight is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

In Brief: Dep

This article was originally published in The Rose Sheet

Executive Summary

Dep: NASDAQ transferring company's Class A and Class B shares from its national market to its SmallCap market effective Nov. 2, Dep announces Nov. 1. According to Dep, NASDAQ shifted the issues because the company failed to meet the criteria for net tangible assets set up under the National Market System. Dep explains that NASDAQ's calculation excludes goodwill associated with the Aug. 1993 purchase of the Agree and Halsa brands from S.C. Johnson, adding that goodwill is an asset under generally accepted accounting principles. The firm's lawsuit against S.C. Johnson, related to the acquisitions, is slated to go to trial on Nov. 10. Separately, Dep reports Oct. 30 that it has reached an agreement in principal with its bank group that includes a $25 mil. working capital commitment and reduced quarterly term loan payments through April 1, 1996. Under the amended term and working capital agreement, Dep's Dec. 30, 1995 payment will total $500,000 (down from $9.6 mil.). The firm also must pay a principal payment of $8.3 mil. on April 15, 1996...
Advertisement
Advertisement
UsernamePublicRestriction

Register

RS002171

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel