Thunderbird Resorts Inc.: Follow Up to Beneficial Press Release of 5
October 2009
(Thomson Reuters ONE) - PANAMA, REPUBLIC OF PANAMA -- (MARKET WIRE) -- 10/05/09 --Thunderbird Resorts Inc. (FRANKFURT: 4TR)(EURONEXT: TBIRD) reportsthe following: On 8 September 2009, Thunderbird Resorts Inc.("Thunderbird" or "the Group") reported it received a copy of anunsolicited letter ("the BHI Letter") from Beneficial Holdings, Inc.("BHI") dated 1 September 2009. The BHI Letter purported to be anoffer to purchase a majority of Thunderbird's outstanding shares ofcommon stock.Despite BHI stating in press releases dated 10 September 2009 and 16September 2009 that it was "moving forward to begin discussions withTBIRD" and that "it fully intends to engage TBIRD with an attempt atmutually beneficial discussions", since the 8 September 2009 BHILetter, Thunderbird has not received any additional communicationfrom BHI and never received any information establishing either thecredibility of the offer or BHI's compliance with applicable laws.On 5 October 2009, it was reported in a press release issued by BHIthat BHI was not going to submit a tender offer for Thunderbirdshares to the Netherlands Authority for the Financial Markets forapproval.ABOUT THE COMPANYWe are an international provider of branded casino and hospitalityservices, focused on markets in Central and South America, SoutheastAsia and India. Our mission is to "create extraordinary experiencesfor our guests". Additional information about the Group is availableon its World Wide Web site at www.thunderbirdresorts.com.Cautionary Notice: This release contains certain forward-lookingstatements within the meaning of the securities laws and regulationsof various international, federal, and state jurisdictions. Allstatements, other than statements of historical fact, includedherein, including without limitation, statements regarding potentialrevenue and future plans and objectives of the Group areforward-looking statements that involve risk and uncertainties. Therecan be no assurances that such statements will prove to be accurateand actual results could differ materially from those anticipated insuch statements. Important factors that could cause actual results todiffer materially from the Group's forward-looking statements includecompetitive pressures, unfavorable changes in regulatory structures,and general risks associated with business, all of which aredisclosed under the heading "Risk Factors" and elsewhere in theGroup's documents filed from time-to-time with the NYSE EuronextAmsterdam and other regulatory authorities.Contacts:Thunderbird Resorts Inc.Kevin McDonaldInvestor Relations(858) 668-2503kevin.mcdonald(at)thunderbirdresorts.comThunderbird Resorts Inc.Michael G. FoxChief Financial Officer(507) 223-1234 (Panama)mfox(at)thunderbirdresorts.com or info(at)thunderbirdresorts.comwww.thunderbirdresorts.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 06.10.2009 - 00:39 Uhr
Sprache: Deutsch
News-ID 6590
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