Frozen Food Express holder Thomas Duff intends to propose an acquisition or transaction (FFEX) ($1.52)
§ Duff has expressed an intent to discuss with the company a possible negotiated acquisition or other transaction between the holder or an affiliate and the company.
· The holder intend to have further discussions and communications with the company regarding a possible acquisition of the company or other extraordinary corporate transaction, such as a merger; however, no commitment, binding or non-binding, has been made in accordance with such intention and no specific proposal has been made.
· Any proposed transaction would be contingent on, among other things:
o the results of the due diligence review;
o receipt of necessary financing; and negotiation of a satisfactory acquisition agreement with the company.
§ Duff discloses a 5.8% stake in the 13D filing