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Article: Pacific Coast Investment Partners LLC Opposes Workflow Management Revised Merger Proposal and Announces New Financing Proposal.
- Article from:
- Business Wire
- Article date:
- April 1, 2004
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Business Editors
SAN DIEGO--(BUSINESS WIRE)--April 1, 2004
Workflow Management Inc. (NasdaqNM: WORK) today received a letter from Pacific Coast Investment Partners LLC, a private investment firm headquartered in San Diego, California ("Pacific Coast"). In its letter, Pacific Coast informed the directors that Pacific Coast:
-- Secured a new institutional financing proposal in the amount
of $175 million
-- Amended its proposal to arrange the purchase of $30 million of
newly issued common at a price of $5.375 per share from the