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Our company is the glass tableware market share leader in the U.S. and flute canada with a 180-year history. we are the leading glass tableware supplier to foodservice end-users and the number one brand name in retail. we are a growing tabletop supplier with our dinnerware and flatware aquisitions and we have become more international with marquis by waterford ariel flute a strategic mexican joint venture. this joint venture provides us with new opportunities to become a major supplier to broader and growing markets. ".what do you consider to be your competitive advantages? having the largest glassware manufacturing, sales and distribution flute network gives us significant scale, which provides unparalleled service to our customers. frequently asked questions how does fine china and fit into your total strategy? we are becomng a more important resource of supply items to the foodservice industry. our china''s high-quality ceramic dinnerware has a major presence in restaurants nationwide, and ''s selection of imported metal flatware and holloware and ceramic dinnerware, round out our portfolio of foodservice industry tabletop products. and in 1998 we began to sell these high-quality products through retail channels of distribution, opening up exciting new sales opportunities.how do you plan to grow your business? we will grow through two principal routes. first, we will grow by accelerating the execution of additional acquisitions of domestic foodservice supply companies. second, we will become a more prominent producer of glass tableware globally by exploring new business combinations or "green meadow" facilities if that is the best route. at the same time, we will continue to invest in growing existing businesses with new marketing programs and accelerated new product development. our company has decided to move its acquisition efforts in other directions at this time, while continuing to pursue its agenda for internal growth. the company is terminating its efforts to purchase for $37.50 per share. this proposal was made to the board of directors on june 15, 1999. the proposed acquisition price represented a premium of 133 percent flute over the average price for shares for the 90-day period prior to the april 27, 1999, disclosure of ''s initial offer to purchase the company. "we remain convinced that the proposed combination would be in the best interest of building the businesses, improving the opportunities for its employees, customers and suppliers over the long term and maximizing value for its shareholders. however, it is evident that ''s entrenched management is intent on remaining a stand-alone company, regardless flute of the implications for its shareholders and employees." commenting on ''s growth agenda, meier stated, " is committed to strengthening its presence in its core markets.
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