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American Oriental Prepays $16 Million for Acquisitions

publication date: May 27, 2008

In comments to analysts following release of its 2008 Q1 earnings report, American Oriental noted that it recorded in the first quarter a $16 million item for deposits on acquisition targets. The payments, which are refundable, are for multiple targets. However, until the deals are finalized, American Oriental refused to discuss them further, giving no details on either the number of companies involved or their products. The company also made other observations on its business and its future.  More details...

Stock Symbols: (NYSE: AOB) (OTCBB: CAXG)



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