25 Offer has been extended by THSP
and will now expire at midnight, Eastern Daylight Time, on Thursday, June 30, 1994 (the "Current Expiration Date") unless extended.
Partnership ("Purchaser") and its general partner, THSP
Waving the conditions put THSP
in a position to purchase your Units sooner than had we decided to wait for those conditions to be satisfied before we purchased any Units at all.
litigation brought against Purchaser and THSP
by Banyan Mortgage
stated in a press release dated June 20, 1994 that the Partnership's financial statements for the year ended December 31, 1993 were qualified by the Partnership's accountants, Coopers & Lybrand.
Separately, Purchaser, THSP
and two affiliates filed a motion to dismiss the federal complaint filed by the Partnership and BMI-III on June 14, 1994 in which the Partnership and BMI-III alleged various violations of the Williams Act and the proxy rules and regulations.
As you are aware, on May 17, 1994 THSP
Associates Limited Partnership ("THSP
"), which is being financed by billionaire George Soros, began an unsolicited tender offer for all outstanding units of Banyan Mortgage Investors L.
Purchaser learned for the first time that its negotiations with the Partnership had broken down when the Partnership and its managing general partner, at the "eleventh hour" of the Expiration Date of the offer, commenced a lawsuit (the "Partnership's Defensive Litigation") against Purchaser, THSP
and two affiliates in the United States district Court for the Northern District of Illinois, Eastern Division, alleging various violations of various federal securities laws, including those relating to tender offers, proxy solicitations and insider trading and, in connection therewith, filed a motion for a temporary restraining order and preliminary injunction for certain equitable relief.
In the limit, when there is no activity at all, the THSP
shows no variation in the horizontal direction.
The irony is that throughout the last few decades, Texas has been a breeding ground for the technology industry, yet math and science achievement the basic building blocks of the technology industry--is lagging, particularly among minority and economically challenged students in our state," says Susan Dell, co-founder and chairwoman of the Michael & Susan Dell Foundation, which partially funds the THSP
Launched in 2003, the THSP
is founded on the belief that college-ready high school graduates ensure an educated workforce, a robust economy, and strong communities in Texas.
Associates Limited Partnership II; The Soros