CEO Extends Offer
by December 24, 2001 12:00 am 64 views
Dwain A. Newman, CEO of National Home Centers Inc., has extended his tender offer to purchase all outstanding shares of the Springdale company until 5 p.m. on Dec. 24.
Newman, who founded the company in 1972, offered in August to buy the 2.6 million shares for $1.20 per share. In October, he upped that amount to $1.40. As of Dec. 10, 2.09 million shares had been tendered.
National currently operates eight lumber yards with small retail stores, all of which are located in Arkansas.