Coastal Holdings, Inc. Receives Take-Over Offer Thursday January 11, 10:49 am ET
HOUSTON, TX--(MARKET WIRE)--Jan 11, 2007 -- Coastal Holdings, Inc. (Other OTC:COHG.PK - News) today announced that it has received a take-over offer from a multinational organization. The organization has proposed an acquisition of all the outstanding common shares of Coastal Holdings by way of a friendly take-over bid. The offer, on a price per share basis, is significantly higher than Coastal Holding's current price per share. The two companies are in the process of formulating a support agreement that would cover this offer. Further details will be disclosed to shareholders upon the signing of the support agreement.
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