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Article: Applica Reaches a Definitive Agreement with Harbinger Capital Partners for Harbinger to Acquire the Applica Shares It Does Not Already Own for $6 Per Share in Cash.
- Article from:
- Business Wire
- Article date:
- October 19, 2006
CopyrightCOPYRIGHT 2006 Business Wire. 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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Applica Board Deems Harbinger Capital Partners All-Cash Offer Superior to NACCO/Hamilton Beach's Proposed Stock-for-Stock Merger
Merger Agreement with NACCO/Hamilton Beach Terminated
MIRAMAR, Fla. -- Applica Incorporated (NYSE:APN) today announced that it has entered into a definitive agreement with affiliates of Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. (together, "Harbinger Capital Partners") under which Harbinger Capital Partners will acquire all outstanding shares of Applica that it does not currently own for $6 per share in cash. Harbinger Capital Partners is Applica's largest ...