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Article: Gardner Denver's Proposed Acquisition of Thomas Industries Receives Regulatory Approval: Transaction Expected to Close on July 1, 2005.
- Article from:
- PR Newswire
- Article date:
- May 23, 2005
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LOUISVILLE, Ky., May 23 /PRNewswire-FirstCall/ -- Thomas Industries Inc. today reported that its previously announced agreement to be acquired by Gardner Denver, Inc. has received all required regulatory approvals. The transaction is scheduled to close on July 1, 2005, subject to approval of Thomas Industries' shareholders and the satisfaction of other customary closing conditions. Upon closing, Thomas will become a subsidiary of Gardner Denver and will no longer be a publicly traded company.
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As of March 31, 2005, Thomas had $262.8 million in cash, cash equivalents and short-term ...