- Nov 10, 2002
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The Resnicks have completed a deal with a family from Saudi Arabia, to transfer 100% of the ownership of Teleflora, and it's subsidiaries, to a private numbered company registered in Britain.
The significant move, was apparently in direct response to FTD's purchase, and controlling interest in Interflora UK/Europe, and after much speculation, TeleTrans (Teleflora's overseas transfer facility), is about to launch a massive campaign against FTD Interflora's controlling proprietorship of global order transfers, and have threatened FTD's Michael Soenen with a hostile takeover bid, AFTER driving FTD's Class 1 shares 40% lower on news that FTD's executive shareholdings have been placed on the market, for immediate re-patriation in part, of Soenen's Family Trust.
More news as it develops.....
The significant move, was apparently in direct response to FTD's purchase, and controlling interest in Interflora UK/Europe, and after much speculation, TeleTrans (Teleflora's overseas transfer facility), is about to launch a massive campaign against FTD Interflora's controlling proprietorship of global order transfers, and have threatened FTD's Michael Soenen with a hostile takeover bid, AFTER driving FTD's Class 1 shares 40% lower on news that FTD's executive shareholdings have been placed on the market, for immediate re-patriation in part, of Soenen's Family Trust.
More news as it develops.....