[Federal Register Volume 59, Number 58 (Friday, March 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7120]
[[Page Unknown]]
[Federal Register: March 25, 1994]
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SMALL BUSINESS ADMINISTRATION
[License No. 05/05-5104]
Application for Transfer of Ownership; Tower Ventures, Inc.
Notice is hereby given that an application has been filed with the
Small Business Administration pursuant to Sec. 107.601 of Regulations
governing small business investment companies (13 CFR 107.601 (1993))
for a transfer of ownership of Tower Ventures, Inc., 3333 Beverly Road,
Hoffman Estates, Illinois 60179 under the provisions of the Small
Business Investment Act of 1958, as amended (the Act), (15 U.S.C. 661
et seq.) and the Rules and Regulations promulgated thereunder.
The present shareholder plans to sell 100 percent of its shares of
ownership in the Licensee to MESBIC Ventures Holding Company. The
present and proposed change in ownership is as follows:
------------------------------------------------------------------------
Present Proposed
Name percent of percent of
ownership ownership
------------------------------------------------------------------------
Sears, Roebuck and Company.................... 100 0
MESBIC Ventures Holding Co.................... 0 100
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The proposed shareholders of more than 10% of the shares of MESBIC
Ventures Holding Company are as follows: NationsBank of Texas, NA (28%
of total common shares to be outstanding), Sears, Roebuck and Company
(17%), and Sun Company, Inc. (14%).
Matters involved in SBA's consideration of the application include
the business reputation and character of the proposed owners and
management, and the probability of successful operations of the new
company under their management, including profitability and financial
soundness in accordance with the Act and Regulations.
Notice is further given that any person may, not later than 30 days
from the date of publication of this notice, submit written comments on
the proposed transfer of ownership to the Associate Administrator for
Investment, Small Business Administration, 409 3rd Street, S.W.,
Washington, D.C. 20416.
A copy of the Notice will be published in a newspaper of general
circulation in Dallas, Texas.
(Catalog of Federal Domestic Assistance Program No. 59-011, Small
Business Investment Companies)
Dated: March 15, 1994
Robert D. Stillman,
Associate Administrator for Investment.
[FR Doc. 94-7120 Filed 3-24-94; 8:45 am]
BILLING CODE 8025-01-M
