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Article: Garden Fresh Restaurant Corp. to Merge With an Affiliate of Fairmont Capital, Inc. Garden Fresh Stockholders to Receive $16.35 Per Share in the Merger.
- Article from:
- PR Newswire
- Article date:
- September 30, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. 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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Garden Fresh Restaurant Corp. , operator of the Souplantation and Sweet Tomatoes restaurants, announced today that it has entered into a definitive agreement to merge with an affiliate of Fairmont Capital, Inc. The merger agreement provides that the stockholders of Garden Fresh will receive $16.35 per share in cash for their shares of common stock.
Fairmont Capital, and its partners, will be providing the equity portion of the financing and will finance the balance of the purchase price. Fairmont Capital has received written commitments from Fleet National Bank and Fleet Securities, Inc. to fund the senior debt portion of the transaction and has received ...
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