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Pritzker Group Discussing Sale, Restructure of Ramada

February 18, 1988|From Reuters

WASHINGTON — A shareholder group made up of affiliates of the Pritzker family of Chicago said Wednesday that it has held talks among its members and with third parties on a possible acquisition or restructuring of Ramada Inc.

In a filing with the Securities and Exchange Commission, the Pritzker group said it has been approached by unidentified "independent third parties with respect to a possible acquisition or restructuring" of Ramada. The group did not say when it was contacted by the third parties.

The Pritzker group holds 2,858,100 Ramada common shares, or 7.2% of the total outstanding.

"In conjunction with such approaches, the (members of the Pritzker group) have had and expect to continue to have internal discussions and discussions with others concerning a possible acquisition and/or restructuring of the company," the group told the SEC.

The Pritzker group said, however, that it continues to hold its Ramada stock "principally for investment purposes."

Includes Dalfort Corp.

The group said it has made no decisions regarding an acquisition or restructuring of Ramada, and has made no agreements or arrangements with others.

The Pritzker group includes Dallas-based Dalfort Corp., the majority owner of Braniff Inc., Genesis Group Limited Partnership, a Chicago-based investment partnership, and Equity Growth Partners, also a Chicago-based investment partnership.

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