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ETFS Acquisition Corp. Proposes Merger With East Texas Financial Services Inc.
Business Wire
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August 24, 1999
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COPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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PARIS, Texas--(BUSINESS WIRE)--Aug. 24, 1999--
ETFS Acquisition Corp. ("Acquisition"), announced today its proposal to acquire East Texas Financial Services Inc. ("East Texas"), through a merger in which shareholders of East Texas would receive $16.00 per share in cash for each of their shares of Common Stock, representing an aggregate value to the shareholders of East Texas, excluding shareholders of Acquisition, of approximately $20 million. East Texas is the parent company of First Federal Savings & Loan Association of Tyler, Texas.
Acquisition is owned ...
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