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Chariot questions credibility of Synalloy's statements. (Chariot Holdings Ltd.)
PR Newswire
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May 3, 1989
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COPYRIGHT 1989 PR Newswire Association LLC. 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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CHARIOT QUESTIONS CREDIBILITY OF SYNALLOY'S STATEMENTS
NEW YORK, May 3 /PRNewswire/ -- Chariot Holdings, Ltd. announced today that it believes Synalloy Corporation's (AMEX: SYO) latest letter to shareholders, which attempts to question Chariot's ability to obtain financing for its $10 cash per share offer to acquire Synalloy, lacks credibility based on the recent statements made by Synalloy's chief executive officer.
Richard E. Gray, chairman of Chariot, stated, "We are surprised by the questions raised by Synalloy regarding our ability to obtain ...
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