acquiring a controlling interest
in Thinking Machines, a software developer and marketer, and making a $184 million commercial real estate purchase.
Kafus is a recently reorganized public operating company with controlling interests
in the following areas: environmental products and services; packaged goods; financial products and services; leisure and entertainment; and natural resources.
4 (1999), the Tax Court recently held that two minority interests in a corporation's common stock should not be aggregated to create a controlling interest
for estate tax valuation purposes, even though the decedent owned 28% of the stock in a revocable trust and a qualified terminable interest property (QTIP) interest in another 28% block.
Ollendorff noted that the acquisition of Recticon not only is a continuation of Acorn's philosophy of acquiring a controlling interest
in emerging companies, but adds the additional element of being able to utilize Mr.
Acorn also announced today that the negotiations to acquire a controlling interest
in Carburetion Labs International, Inc.
CLI) to purchase a controlling interest
and to fund operations of CLI.