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Tweeter to buy Sound Advice.(Tweeter Home Entertainment Group Inc.)(Brief Article)(Statistical Data Included)
Massachusetts-based Tweeter Home Entertainment Group (Nasdaq: TWTR) announced plans to buy Dania Beach-based Sound Advice (Nasdaq: SUND) for stock in a deal worth more than $100 million.
Tweeter had revenues of $406 million in fiscal year 2000. Sound Advice posted net income for 2000 of $4.7 million or $1.08 a share, compared with income of $6.5 million or $1.55 a share in the prior year.
The boards of both companies have approved the …
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