ML20127F661
| ML20127F661 | |
| Person / Time | |
|---|---|
| Site: | 05000017 |
| Issue date: | 10/31/1972 |
| From: | Mesick T NL INDUSTRIES |
| To: | Shovholt D US ATOMIC ENERGY COMMISSION (AEC) |
| Shared Package | |
| ML20127E383 | List: |
| References | |
| FOIA-92-001, FOIA-92-1 NUDOCS 9211120285 | |
| Download: ML20127F661 (3) | |
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INDUSTRIES October 31,1972
- f. P IAt$!CK w.. w, U. S. Atomic Enere,y Commission Directorate of Licensing Washington, D, C.
20545 Re: Docket #50-17 Att:
Mr. D. J. Shovholt Assistant Director for Operating Reactors Gentlemen:
We are pleased to enclose a copy of the United States District Court Order of August 3rd,1972, authorizing the sale of assets and shares of stock of the Cambridge Nuclear Radiopharmaceutical Corporation and the Industrial Reactor Laboratories, Inc. to N L Industries, Inc.
Title transfer was accomplished on October 20th, 1972.
In addition, we are providing; a copy of our Annual iteport as an appropriate indication of the financial responsibility of N L Industries, Inc. as owners of these operations licensed by the U.
S. Atomic Energy Commission.
Yours truly,
'f b. [ h AsNt.k T. P. Mesick, Secretary Swbrn to before me thisj/' day of October, 1972
'l [I t i b e.' n i
! r ~ ) is< t us f s
Notary Public, State of New York J. h.rra' Johnston W. R. Admirand, Esq.
cc:
Messrs. J.
Ciborshi J. J. Fitzgerald R. C. Canfield S. Brown - N L inwrk.5, W 111 (Wad Aaf. fh WL, fi.Y. 10006.(212)732 9400 9211120285 920312 PDR FOIA GALLANT 92-OO1 PDR Y ks.
) l l l ,a :.. foregoing issudsnt to a ful -g true and corrtet copy of it 1 original on filo in my offi and in s:y 100a1 custody. '! i 1 L' NIT :D TTATrr LISTMCT COULT UN H' IIdk ~ o UN#'1(I 0F IM fillVLI.T,. V'b' 0* DISTP,1 CT OT M/.5F ACliUSETT5 DISTR BY: . JeV ~) In proceedings for tl I t. the ratters of Peorganization of a 4 ) Corporation C/J'.DEIDCT NUCLLAR CORPORATION No. /2-0362 ) C/y.ak!DCT !;UCLEM TJsDIONIAP?.ACCUTICAL J COAPORATIO:: ) tio. 71-0379 IMOUSTRI AL REACTOR LADORATORIPS ) tJo. 72-0360 I L) ORT:Eh ACT):CRITING SALE OF AFf rTS AND SHARES Op STOCK AND CONFIFy.ING OTTEF OT NL INDUrTRIES, INC. At lioston in said District on the {d day of a 1 Aug^u s t, 1972. l This c4.tter having regularly conic on to be heard before 4 ene on July 20, 1972, pursuant to the provisions of Section 116(3) 1 of the Danbru; tcy Act, j Upon ecnsideration of (1) the Petition of Jarnes P. Lynch, J r., Trus tee in Teorganization (,*the Trustee") for an Order to show f casse why hc should not be authorized to accept a certain written o fer of PEPI, INC. (*PEPI*) dated July 10, 1972 in the sum of $2,000,000 to purchase the assets and chares of stock of C1JmRIDGE NUCLLAP, fat!ON: ATE.liCEUTICAL CORPORATION ( " CN R0 " ) and INDUSTRI AL l PIACIOR LALOP1TC".;rf, INC. ("IRL"), togethc? with certain asects of Car.aridge huelear Corporatici, and (2) the Order to Shov Ceuse issued thereon dated July 19, 1972; and due notice by mailing and publication having been given in accordance with said Order to Shos Causes and af ter hearin; the Trustee and Cornelius J. Moynihan, Jr., Counsel to the Trustee, in support of caid Petition and Order to Show Causes and the Court having ordered all prospective purchasers to file with the Court sealed offers te purchase,-and two scaled offers having been filed on July 20 1972, one by PEP! bnd another by N L Industries, Inc. (*NL*); er.1 the Court having cor.sidered raid Realed offers and f I l -y.iwre-,w e ,e,y-,i ,y t - - -wc +w-y w ,g-p. .--y.+-- yw
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t.' ' 3101 4 having determfned that the offer of 1;L dated July 26, 1972 in the e sum of (3,50L,000 to rurchase the chares of stock, assein and propertica [ specifically ret f orth and dc scribed therein ( *the !!L of f er ") was the { r higher cf the scaled offerr and otherwise acceptabic; and no other higher of fer having been tr.ade; and the Court having determined that the !!L of f er wat the highest of all offers made for the shares of stock, assets and prcperties listed therein and af ter hearing all parties aprearing cr. this day before the Court (the appearances of said parties being listed in Exhibit A annexed to this Order): and no one appearing in opposition; and the Trusteo having recomended acceptance of the NL offers !;ow therefore, the Court, after duc deliberation, af f.i s ma tively finds c4ure under Fection 110 (3) f or a sale of the shares of stock, assets and properties listed in the NL offer; and the Court further finds that cause ex1r.tr. why such sole should not be tr.ade to pEPI on its offer of July 10, 1972 in the sum of $2,000,000 but, rather, should be raade to !;L on the NL of f er in. the sum of $3,505,000 s and tron retien of the Trustec, IT IS OZERD that the NL of fer of $3,505,000 for purchase of the, shares of stock, arrots and prcperties specifically set forth in the N offer be and it herrby is in all rtspects confirmed, accepted and approved and it is further C RIC PID t ha t the Trustc c be and hereby is autjiorised and directed to enter into a contract with NL in accordance with the i terras Fet forth in the !;L offer; ard it is further ORDE PID thh t, pending the signing of the said contract between the Trustee and NL, NL be and hereby is authorized to manage and operate the businers of CNRC and IRL under the ultimate direction and control of the Trusteet and it is further CrinriD, trat the Trustee be and hereby is authorized to ac cute sucn t ;crs and documents and to take such steps and do such taings as ray Le necessary in order to impler ent the provision of the };L offer. f-5 ANDREW A CArpErY Chaef Juc3c, Unttec S u.tes Dis t ri ct Court .a /.-_ _ _ _ _. _ _ _ _. _ _. - _ _ _. _ _ - - _ _ - _.. - _ -}}