VCG Holding (VCGH) Receives $2.10/Share Offer From CEO
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This morning, VCG Holding Corp. (Nasdaq: VCGH) disclosed that is has received a non-binding letter of intent on November 3, 2009 from the Company's Chairman and CEO, Troy Lowrie and related firms to acquire all of the outstanding common stock of the Company for $2.10 per share in cash.
The Company's Board of Directors has formed a Special Committee consisting solely of directors who are independent under the NASDAQ independence rules to review and evaluate the Proposal and to recommend to the Company's Board of Directors whether or not to approve or decline the Proposal.
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