[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
------------------------------------------------------------------------

    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