Bluefield Daily Telegraph, Bluefield, WV

Virginia State News

October 10, 2013

Titanic artifact sale to Va group terminated

CHARLESTON — Premier Exhibitions has dropped plans to sell thousands of Titanic artifacts to a consortium in Virginia.

Atlanta-based Premier said Wednesday that it has terminated a non-binding letter of intent with a Hampton Roads consortium. The company didn’t identify the consortium.

President and CEO Samuel Weiser says in a news release that the company believes Hampton Roads is the ideal location for the collection’s permanent home. But he says the consortium failed to secure financing for the transaction.

For the benefit of shareholders, Weiser says the company believes it needs to pursue alternatives to sell the artifacts.

A Premier subsidiary, RMS Titanic Inc., oversees the artifacts as the court-recognized salvor.

1
Text Only
Virginia State News
West Virginia State News
AP Video
Raw: Israel Bombs Multiple Targets in Gaza Veteran Creates Job During High Unemployment Raw: Cargo Craft Undocks From Space Station Widow: Jury Sent Big Tobacco a $23B Message New Orleans Plans to Recycle Cigarette Butts UN Security Council Calls for MH 17 Crash Probe Obama Bestows Medal of Honor on NH Veteran Texas Sending National Guard Troops to Border Hopkins to Pay $190M After Pelvic Exams Taped Foxx Cites Washington 'Circus Mirror' NASA Ceremony Honors Moon Walker Neil Armstrong Obama Voices Concern About Casualties in Mideast Diplomacy Intensifies Amid Mounting Gaza Toll AP Exclusive: American Beaten in Israel Speaks Obama Protects Gay, Transgender Workers Raw: Gaza Rescuers Search Rubble for Survivors Raw: International Team Inspects MH17 Bodies Raw: 25 Family Members Killed in Gaza Airstrike US Teen Beaten in Mideast Talks About Ordeal 'Weird Al' Is Wowed by Album's Success
Sister Newspapers' News