the Hart-Scott-Rodino Antitrust

 

Exhibit (a)(10)

HART-SCOTT-RODINO CONDITION SATISFIED
FOR MARRIOTT INTERNATIONAL
ACQUISITION OF FORUM GROUP

WASHINGTON, D.C., March 7, 1996 - Marriott International, Inc. said today that 
the Hart-Scott-Rodino Antitrust Improvements Act condition has been satisfied 
regarding Marriott's previously announced tender offer to purchase all of the 
outstanding shares of common stock of Forum Group, Inc., for $13 per share in 
cash. The waiting period under the Act expired on March 6, 1996 without further 
action taken by the Department of Justice or the Federal Trade Commission.

      In February 1996, the two companies announced a definitive agreement under
which Marriott International would acquire Forum, one of the nation's leading 
operators of senior housing and merge it with Marriott's Senior Living Services 
business. Forum shareholders owning more than 90 percent of Forum's voting stock
have agreed to the proposed acquisition. The tender offer will remain open until
12:00 midnight on March 21, 1996, unless otherwise extended.

      Marriott International, Inc., based in Washington, D.C., is a diversified 
hospitality company involved in lodging and services management.

 

Basic Info X:

Name: the Hart-Scott-Rodino Antitrust
Type: trust
Date: March 7, 1996
Company: FORUM GROUP INC
State: Indiana

Other info:

Date:

  • March 7 , 1996
  • today
  • March 6 , 1996
  • February 1996
  • March 21 , 1996

Organization:

  • Forum Group , Inc.
  • Department of Justice
  • Federal Trade Commission
  • Senior Living Services
  • Marriott International , Inc.

Location:

  • Washington
  • D.C.

Money:

  • $ 13

Time:

  • 12:00 midnight

Percent:

  • 90 percent