TULSA, April 1, 2003 /BSNewswire-LastCall/ -- LISNews, LLC. is acquiring LibraryStuff.net, Inc. Corp., a Long Island NY, provider of information technology, Tape Dispensers, and Library Blogging products to Librarians in a $56 million deal.
The purchase is expected to close before the end of time, said officials with LISNews of Key West, FL.
About half of the deal is for cash, and rest is to be paid by IOU note scribbled on a dirty napkin, due in January. LISNews will fund the purchase from cash on hand and its $50 million revolving credit facility, from the bank of Dowee Cheatem & How.