Wednesday, November 10, 2004

Travis Boats nearing merger with Tracker Marine

Boating Industry Tuesday November 9, 2004
AUSTIN, Texas – Travis Boats & Motors, Inc. is in advanced negotiations to merge with its controlling shareholder, TMRC, LLP, a subsidiary of Tracker Marine, L.L.C, Travis reported yesterday evening in a press release. As a result of the proposed merger, Travis would become a wholly owned subsidiary of Tracker Marine and would cease to be a publicly traded company. The remaining shareholders of Travis would receive cash in an amount not yet agreed upon, but expected to be approximately $0.40 per common share, the company said. Officials at Travis indicated the proposed merger is being announced at this time based upon the advanced stage of the merger negotiations.


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