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Article: Hoshizaki America, Inc. Completes Acquisition of Lancer Corporation.
- Article from:
- PR Newswire
- Article date:
- February 2, 2006
CopyrightCOPYRIGHT 2006 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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SAN ANTONIO, Feb. 2 /PRNewswire-FirstCall/ -- Lancer Corporation announced today the completion of the acquisition of Lancer Corporation by Hoshizaki America, Inc.
On October 18, 2005, Hoshizaki America, Inc. entered into a merger agreement with Lancer Corporation to acquire Lancer Corporation for a purchase price of approximately $215.0 million in cash to stockholders. Under the terms of the merger agreement, Lancer Corporation stockholders are entitled to receive $22.00 per share in cash, without interest.
Lancer Corporation stock ceased trading on the American Stock Exchange at market close yesterday and will be delisted. As soon as practicable, a ...