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 Jayark Corp. agreed to pay $4 million in cash, $2 million of 12% convertible debentures, and 1.6 million common shares 
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to acquire closely held Kofcoh Imports Inc. 
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 In over-the-counter trading Friday, Jayark was quoted at 87.5 cents bid, down 15.625 cents.
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 At the market price, the transaction has a total indicated value of $7.4 million.
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 Kofcoh is a New York holding company for Rosalco Inc., 
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which imports furniture and other items.
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 David L. Koffman, president and chief executive officer of Jayark, holds about 40% of Kofcoh, 
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Jayark said.
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 Jayark, New York, distributes and rents audio-visual equipment
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 and prints promotional ads for retailers.
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 In the quarter 
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ended July 31, 
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Jayark had an average of 5.6 million shares outstanding.
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 The transaction is subject to approval by a panel of disinterested directors, 
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the company said, 
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adding 
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that shareholder approval isn't needed.
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