Business Services Industry
Aquarius Acquisition L.P. commences offer to purchase Springhill Lake Investors Limited Partnership interests
Business Wire, Feb 1, 1995
NEW YORK--(BUSINESS WIRE)--Feb. 1, 1995--Aquarius Acquisition L.P., a newly formed Delaware limited partnership, announced today that it has commenced an offer to purchase outstanding limited partnership interests in Springhill Lake Investors Limited Partnership, a Maryland limited partnership, for a cash payment of $36,000 per partnership unit, subject to the terms and conditions set forth in the offer document and its related transmittal letter.
Up to approximately $18,000 of the consideration paid for each tendered unit may be in the form of proceeds of a non-recourse secured loan from the purchaser to a tendering unit holder, depending upon the number of units tendered.
The offer by Aquarius is made to Springhill Lake limited partners of record as of Feb. 1, 1995. The offer will expire at 5:00 P.M., New York Time, on March 2, 1995, unless extended.
The offer is being made only by an offer to purchase dated Feb. 1, 1995, and related letter of transmittal, copies of which can be obtained from the information agent, D.F. King & Co., by calling 1-800/659-5550.
CONTACT: D.F. King & Co. Inc.
Kevin Schwicardi, 212/269-5550
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