SOURCE: Global Holdings, Inc.

Global Holdings, Inc.

November 06, 2013 09:15 ET

Global Holdings, Inc. (GBHD) Presented With Tender Take Over Bids

BORDENTOWN, NJ--(Marketwired - Nov 6, 2013) -  Global Holdings, Inc. (PINKSHEETS: GBHD), operating both its domestic/ international vertical and horizontal integrated business concessions, has numerous ongoing sales and growing market penetrations. Recently, GBHD's Management and Board of Directors were presented with two separate tender take-over merger scenarios, whereas, all of GBHD's outstanding shares would have been acquired for $0.75 or $0.80 (Seventy Five Cents/ Eighty Cents) per share.

After comprehensive due diligence, the Board of Directors has declined both of these tenders prior to presenting these offers to the shareholders. The Company continues to operate in its key markets, and this decision will have no bearing on the Company's current operations, future business platforms, and current growth opportunities.

GBHD will entertain all respectable offers to be acquired, as long as such offers represent the Company and its shareholders in its best interests. Unfortunately, these offers did not adequately reflect the total true value of the Company's global operations.

Global Holdings, Inc. owes no suppliers or manufacturers; inventories that are held have all been paid-in-full.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127 and/or www.wwfoodservices.com.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.

Contact Information

  • CONTACT:
    Global Holdings,Inc.
    Rich Kaiser
    Yes International
    800-631-8127