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Article: Harbinger Capital Partners Acquires Applica for $8.25 Per Share.
- Article from:
- Business Wire
- Article date:
- January 23, 2007
CopyrightCOPYRIGHT 2007 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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MIRAMAR, Fla. -- Applica Incorporated (NYSE:APN) today announced that it has completed the previously announced merger transaction 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 has acquired Applica. The shares of Applica common stock that Harbinger Capital Partners did not previously own were cancelled and converted into the right to receive $8.25 per share in cash, without interest. Payment information will be mailed to Applica shareholders as soon as practicable.
Completion of the transaction follows ...