Harbinger Group Inc.
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SEC Filings

DEF 14A
HRG GROUP, INC. filed this Form DEF 14A on 11/15/1995
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    minimum sales price should be at least book value. Therefore, the pro forma
    adjustments assume that the sale price will be the recorded net book value
    of Cimarron as of June 30, 1995. The estimated net proceeds to the Company
    of $21,409 are comprised of estimated sales proceeds of $22,159 less
    $750,000 for estimated federal and state income taxes.     
   
(3) To record the sale of Energy Industries, which is estimated will result in
    net proceeds to the Company of $89,660, comprised of gross proceeds of
    $131,460 (purchase price of $130,000 plus a net asset value adjustment as
    of June 30, 1995 of $1,460) less: $26,800 repayment of debt, $14,000 in
    estimated federal and state income taxes and $1,000 in estimated
    commissions and fees. As of June 30, 1995, the after-tax book gain would be
    $14,433. The after-tax book gain of $14,433 is based on sales proceeds of
    $131,460 less: $108,256 for the book value of the assets to be sold and
    write-off of the remaining unamortized goodwill and deferred cost balances,
    $1,000 for estimated commissions and fees and a $7,771 book tax provision.
    At closing the actual amount of cash proceeds will be increased or
    decreased, as the case may be, to the extent that the Net Asset Value is
    greater than or less than $106,624.     
 
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