... Forwarded ... RAF Wireless Services wrote: > > ROHN Industries Announces Asset Purchase Agreement > Nov 18, 2003--Telecommunications industry tower manufacturer > ROHN Industries has announced that it's entered into an asset > purchase agreement with SPX Corporation, a global, multi-industry > company. ROHN filed September 16 for Chapter 11 > (debtor-in-possession) relief in the US Bankruptcy Court for the > Southern District of Indiana. The deal will include ROHN > subsidiaries that are party to the bankruptcy proceeding. > > "The asset purchase agreement provides for the sale of certain > assets of the company and the affected subsidiaries to SPX > Corporation for the amount of $5,450,000," ROHN said in a news > release. > > Through its Broadcast and Communication Systems and Services > division, SPX provides analog and digital TV and FM systems, > high-frequency and medium-frequency antennas, transmission lines, > towers and radio frequency filter systems for the broadcast market. > SPX also is a major site developer for the PCS/cellular industry. > Its brands include Dielectric, Central Tower, TCI, Flash Technology, > Brookstone Telecommunications and FLEXLine. > > The bankruptcy court must approve the ROHN-SPX agreement. ROHN filed > an amended motion with the court November 13 seeking the court's > approval of the asset sale and authority to sell the assets "after > an opportunity is provided for competitive bidding." > > The bankruptcy court has scheduled a hearing to consider proposed > bid procedures November 25, and the bidding auction is set for > December 8. The bankruptcy court is to consider approval of the > asset sale December 9. > > ROHN is owned and operated by ROHN Industries, Inc, a publicly > traded company listed on the NASDAQ OTC (Over the Counter) Bulletin > Board as "ROHN.OB." Prior to December 1997, ROHN Industries Inc was > known as UNR Industries Inc. > > In addition to its other products and services, the Peoria, > Illinois-based company manufactures towers, antenna support > structures and "infrastructure equipment" for the telecommunications > industry. Horace Ward is ROHN's chief executive officer. The company > has consolidated its manufacturing operations in Frankfort, Indiana. > ROHN was established in 1948 by Dwight Rohn of Peoria, who began > manufacturing towers for home television reception > > More information on the proposed deal with SPX is available on the > ROHN Industries Web site (click on "Press Releases"). > http://www.rohnnet.com
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