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Article: Workflow Management, Inc. - Lenders Consent to Credit Facility Modification; Conditions to Merger Price Increase Satisfied; Financing Proposal Supporting Alternative Transaction Rescinded.
- Article from:
- Business Wire
- Article date:
- March 30, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
PALM BEACH, Fla.--(BUSINESS WIRE)--March 30, 2004
Workflow Management, Inc. (Nasdaq:WORK) announced today that its lenders have consented to certain modifications to the Company's most recent credit facility amendment and default waiver. As announced earlier today, these modifications were conditions to the agreement by WF Holdings, Inc., an entity formed and controlled by Perseus, L.L.C. and The Renaissance Group, LLC, to increase the cash amount to be paid for shares of Workflow common stock in the pending merger transaction from $4.87 per share to $5.375 per share. As a result, all conditions to the increased merger price have now ...
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