Who bought ARC?

The omission in the press release (no home theater stuff) might be the reason the company was sold for the range indicated. Their customer base is aging (like me) and is not being replaced fast enough. What are their annual sales? That would give a better indication as to the fairness of the deal.

Hey Mr. ARC owner, we've got a deal for you.

- don't worry about payroll or daily operations anymore
- we'll hire your management team
- well give you $150K for 3 years to look over designs and if we have questions
- well give you $2M now

doesn't look so bad when you look at it like that.

.......plus assumption of debt (and the costs of new building done 10? years ago) etal.

plus an agreement to retain all staff.

plus an agreement to maintain parts and provide service for all ARC products made.

I just hope the new guys understand the value of email!

From my insider info, ARC is one of the selected few companies who do not have to worry about their future. Their latest range of products - CD-3, 7, Ref-3, LS-26 - has been hugely succesful (Ref-3 is the time best selling model in ARC 40+ years history) which made their financial standing exemplary, not only by hi-end standards.