Document MGOO952JXbnL7nmO7XdZw5bj9

FILE NAME: WR Grace (WRG) DATE: August ,1 1934 DOC#: WRG015 DOCUMENT DESCRIPTION: 1934 Letter to Multibestos Company regarding Controlling Interest. Marked Plaintiffs Exhibit G-2. enfcH rr w . * * '-u * M tK IO ae. M A tM A C N U tm l OAKtAKO. CAklfOMNI* r *N X * M .A U (,C iM D A k H MO AN P*k4.l l1.l.TKANCtTk A N O M U U T l R t S Tt tO* MSACt NOWM IPTATNI Y CMuai M a0**0ATC m *OAAC*W AeTT MAKtzrAcrrmsK<9 o r DEWALCO AliD GOLD SEAL P R O D U C T S Ca m b r i d g e B, M a s s a c r u s e t t s August 1, 1934* C A *lt AOOICU 'OKW AkCO* IO C T Q N Multlbestos Company, Walpole Massachusetts. Dear Sirs: We hold a controlling (though not a 100 per cent) interest in the stock of your Company. She opera tions of your company have shown consistent losses as the result of s-hich you ere indebted to us principally for nonies advanced to make good resultant shrinkages in working capital In an amount exceeding $1,200*000. J We hereby offer to take over your business and assets other- then real estate snd to enter into a lease with you' of such real estate in accordance with the terms of the following offer* (1) We to acquire your business, including trade marks, trade names, patents and good will, and your assets, other than real estate, at sound values, such values to be determined and payment made in the following manner: . (a) Cash, accounts receivable, notes, accept ances and prepaid expenses to be taken at face value. a3 they appear on your books. (b) Tour inventory, to be taken over at the current market value thereof (to be arrived at by adjustment for current market prices ' of raw materials). . (c) Machinery, to be taken over at cost less accrued depreciation. (d) Trade marks, trade names, patents and K. good will to be taken over at $5,000.00. p SSB A iR W> -r 0 m Cm pm -H 2* 1 rti > o D " I-- ?m < co O O *n mr~ o 2 ^ > 0z 2-I > X o " w o o -p o ^ -4 ? o ~j rn cs rr 3 l r v