SECURITIES PURCHASE AGREEMENT betweenSecurities Purchase Agreement • June 18th, 1997 • FMCC Acquisition Corp • Security brokers, dealers & flotation companies • New York
TENDER" ESCROW AGREEMENT "TENDER" ESCROW AGREEMENT dated as of June 11, 1997, among First of Michigan Capital Corporation, a Delaware corporation (the "Company"), FMCC Acquisition Corp., a Delaware corporation ("Buyer"), and The Bank of New York, as...Escrow Agreement • June 18th, 1997 • FMCC Acquisition Corp • Security brokers, dealers & flotation companies • New York
EXHIBIT (C)5 MEMORANDUM OF UNDERSTANDING ---------------------------Memorandum of Understanding • June 18th, 1997 • FMCC Acquisition Corp • Security brokers, dealers & flotation companies
This Memorandum of Understanding is intended to confirm our understanding regarding the terms of a transaction (the "Transaction") being considered by FMCC Acquisition Corp. or an entity to be formed by Fahnestock & Co., Inc. (the "Buyer"), First of Michigan Capital Corporation (the "Company"), DST Systems, Inc. and 1988 Limited Partnership (collectively, the "Sellers") involving the Buyer's possible acquisition of all of the issued and outstanding shares of common stock, par value $.10 per share (the "Common Stock"), of the Company by purchasing shares of Common Stock owned by the Sellers and, pursuant to a tender offer and/or a merger, shares of Common Stock held by the other shareholders.
OFFER TO PURCHASE FOR CASH ALL OUTSTANDING SHARES OF COMMON STOCK OF FIRST OF MICHIGAN CAPITAL CORPORATION AT $15.00 NET PER SHARE BY FMCC ACQUISITION CORP. AN INDIRECT WHOLLY OWNED SUBSIDIARY OF FAHNESTOCK VINER HOLDINGS INC.Offer to Purchase • June 18th, 1997 • FMCC Acquisition Corp • Security brokers, dealers & flotation companies
ARTICLE I THE OFFERTender Offer Agreement • June 18th, 1997 • FMCC Acquisition Corp • Security brokers, dealers & flotation companies • New York
