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Article: Acquirer sweetens ShopKo deal.(News)(Goldner, Hawn, Johnson & Morrison)(Brief Article)
- Article from:
- Home Textiles Today
- Article date:
- September 12, 2005
CopyrightCOPYRIGHT 2005 Reed Business Information, Inc. (US). 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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GREEN BAY, W.S. -- ShopKo Stores and its would-be acquirer, affiliates of Goldner, Hawn, Johnson & Morrison, have raised the purchase price of ShopKo shares after a number of interested parties let their disapproval of the proposed $24 per-share purchase price be known.
Goldner Hawn now proposes to pay $25 per share for the company. Additionally, the proposed acquirer has relinquished its right to match any superior offer. ShopKo, in turn, has agreed to reimburse the firm a maximum of $13.5 million of its third-party out-of-pocket transaction fees and expenses if shareholders do not approve the amended merger agreement or if the transaction is not completed by ...