CEMEKC, Inc. Commences Tender Offer To Purchase Remaining Public Stake In Dynacq Healthcare, Inc. (12/18/15)
Offer Price of $0.10 in Cash per Share
PASADENA, Texas, Dec. 18, 2015 /PRNewswire/ -- CEMEKC, Inc. ("Purchaser") announced today that it has commenced a tender offer to purchase all of the outstanding shares of Common Stock of Dynacq Healthcare, Inc. not already owned by Dr. Eric K. Chan, Ella Y. T. C. Chan, the Chiu M. Chan Family Trust and Purchaser for $0.10 in cash per share.
The necessary filings with the Securities and Exchange Commission in connection with the tender offer are being made today, and the offer documents will be mailed promptly to Dynacq stockholders.
ABOUT DYNACQ HEALTHCARE, INC.
Dynacq is a holding company that through its subsidiaries in the United States develops and manages one general acute care hospital that principally provides specialized surgeries. Dynacq through its United States subsidiaries owns and operates one general acute care hospital in Pasadena, Texas. Dynacq through its subsidiary in Hong Kong invests in debt and equity securities, including short-term investments in initial public offerings and pre-initial public offerings. http://www.prnewswire.com/news-releases/cemekc-inc-commences-tender-offer-to-purchase-remaining-public-stake-in-dynacq-healthcare-inc-300195225.html