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Article: GRUPO DINA AND MOTOR COACH INDUSTRIES INTERNATIONAL SIGN AMENDMENT TO MERGER AGREEMENT
- Article from:
- PR Newswire
- Article date:
- May 18, 1994
CopyrightCOPYRIGHT 1994 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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MEXICO CITY and PHOENIX, Ariz., May 18 /PRNewswire/ -- Consorcio G Grupo Dina, S.A. de C.V. (Dina) (NYSE: DIN) and Motor Coach Industries International, Inc. (MCII) (NYSE: MCO) announced today that they have executed an amendment to their previously announced Merger Agreement. The transaction, which was approved unanimously by the boards of directors of both companies, will create one of the leading suppliers of coaches in North America.
Under the terms amended Merger Agreement, Dina will acquire approximately 51% of the outstanding MCII common shares in exchange for, on a per share basis, 1.236 Dina American Depositary Shares, each representing four shares of newly issued ...