Thunderbird Resorts Inc.: Follow Up to Beneficial Press Release of 5 October 2009
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PANAMA, REPUBLIC OF PANAMA, Oct 05 (MARKET WIRE) --
Thunderbird Resorts Inc. (FRANKFURT: 4TR)(EURONEXT: TBIRD) reports the
following: On 8 September 2009, Thunderbird Resorts Inc. ("Thunderbird"
or "the Group") reported it received a copy of an unsolicited letter
("the BHI Letter") from Beneficial Holdings, Inc. ("BHI") dated 1
September 2009. The BHI Letter purported to be an offer to purchase a
majority of Thunderbird's outstanding shares of common stock.
Despite BHI stating in press releases dated 10 September 2009 and 16
September 2009 that it was "moving forward to begin discussions with
TBIRD" and that "it fully intends to engage TBIRD with an attempt at
mutually beneficial discussions", since the 8 September 2009 BHI Letter,
Thunderbird has not received any additional communication from BHI and
never received any information establishing either the credibility of the
offer or BHI's compliance with applicable laws.
On 5 October 2009, it was reported in a press release issued by BHI that
BHI was not going to submit a tender offer for Thunderbird shares to the
Netherlands Authority for the Financial Markets for approval.
ABOUT THE COMPANY
We are an international provider of branded casino and hospitality
services, focused on markets in Central and South America, Southeast Asia
and India. Our mission is to "create extraordinary experiences for our
guests". Additional information about the Group is available on its World
Wide Web site at www.thunderbirdresorts.com.
Cautionary Notice: This release contains certain forward-looking
statements within the meaning of the securities laws and regulations of
various international, federal, and state jurisdictions. All statements,
other than statements of historical fact, included herein, including
without limitation, statements regarding potential revenue and future
plans and objectives of the Group are forward-looking statements that
involve risk and uncertainties. There can be no assurances that such
statements will prove to be accurate and actual results could differ
materially from those anticipated in such statements. Important factors
that could cause actual results to differ materially from the Group's
forward-looking statements include competitive pressures, unfavorable
changes in regulatory structures, and general risks associated with
business, all of which are disclosed under the heading "Risk Factors" and
elsewhere in the Group's documents filed from time-to-time with the NYSE
Euronext Amsterdam and other regulatory authorities.
Contacts:
Thunderbird Resorts Inc.
Kevin McDonald
Investor Relations
(858) 668-2503
kevin.mcdonald@thunderbirdresorts.com
Thunderbird Resorts Inc.
Michael G. Fox
Chief Financial Officer
(507) 223-1234 (Panama)
mfox@thunderbirdresorts.com or info@thunderbirdresorts.com
www.thunderbirdresorts.com
Copyright 2009, Market Wire, All rights reserved.
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