Sound Advice (SUND)

[BillBranum]

TWTR acknowledges possibility of SUND purchase:

Tweeter Home Says May Discuss Merger With Sound Advice
(Dow Jones Online News, 02/16/2001 18:33)

WASHINGTON -(Dow Jones)- Tweeter Home Entertainment Group Inc. (TWTR) might again discuss with Sound Advice Inc. (SUND) the possibility of a merger between the two companies, according to a Schedule 13D filed Friday with the Securities and Exchange Commission.



Tweeter, which beneficially owns 336,000 common shares of Sound Advice, an 8.48% stake, said it doesn't have any definitive plans or proposals relating to a Sound Advice acquisition.



Tweeter acquired 137,000 shares from March 1998 to February 1999 for $349,086, and 159,000 shares in January and February for $1,429,681.



The filing said Tweeter felt "current industry dynamics warranted an increase" in its Sound Advice position.



Tweeter, Canton, Mass. retails audio and video equipment in about 83 stores in the U.S.