Cyclops Corp. considers CYACQ Corp.'s news release and concludes it does not constitute an offer.

PR Newswire | March 13, 1987 | Copyright

PITTSBURGH, March 13 /PRNewswire/ -- Cyclops Corporation (NYSE: CYL) said that its board of directors has considered the March 12 news release in which CYACQ Corporation stated a conditional willingness to increase its offer for Cyclops common stock.

Cyclops said that its board has concluded that CYACQ's press release does not constitute an offer. CYACQ's press release does not amend CYACQ's outstanding tender offer which remains at $80 per share, and it does not state that CYACQ has financing commitments necessary to carry out its original offer or any increased ...

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