SOURCE: AB Value Partners, L.P.

November 22, 2011 09:32 ET

AB Value Partners, L.P. and AB Opportunity Fund, LLC Commences Tender Offer to Purchase up to 764 Shares of Common Stock of DVL, Inc. at a Purchase Price of $800.00 per Share

FREEHOLD, NJ--(Marketwire - Nov 22, 2011) - AB Value Partners, L.P. and AB Opportunity Fund, LLC, private funds whose assets are managed by AB Value Management LLC, announced today that they are commencing a tender offer for up to 764 shares of DVL, Inc. ("DVL"), which shares are traded on the over-the-counter market on the Pink Sheets, at an offer price of $800.00 per share. The offer price represents a $100.00 per share premium over the last traded price. The stock last traded at $700.00 on November 14, 2011, and it has not traded from the close of that date through November 21, 2011. The tender is scheduled to expire at 5:00 p.m., New York City time, on December 20, 2011. On November 22, 2011, AB Value Management LLC mailed a letter requesting, pursuant to Rule 14d-5(a) of the rules and regulations of the Securities Exchange Act of 1934, as amended, the use of the DVL's stockholder list and security position listings for the purpose of disseminating the forthcoming offer to purchase and related materials to the holders of DVL's common stock.

Additional Information

This press release is neither an offer to purchase nor a solicitation of an offer to sell DVL's common stock. The solicitation and offer to purchase DVL's common stock has been made pursuant to a formal offer to purchase and letter of transmittal. DVL's stockholders should read the offer to purchase and other related documents carefully since they contain important information, including the terms and conditions of the offer. Shareholders of DVL will be able to obtain a free copy of the Offer to Purchase, related Letter of Transmittal and other Offer documents by contacting InvestorCom, Inc. (the "Information Agent"), by email at or telephone at (203) 972-9300.

Contact Information

  • Contact:
    InvestorCom, Inc.
    65 Locust Avenue, Third Floor
    New Canaan, CT 06840
    Phone (203) 972-9300
    Toll Free (877) 972-0090
    Email: Email Contact