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Article: FC Holdings, Inc. and JLL Consummate Stock Purchase; FC Holdings, Inc. Completes Acquisition of First Crockett Bancshares, Inc.
- Article from:
- PR Newswire
- Article date:
- December 5, 2007
CopyrightCOPYRIGHT 2007 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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HOUSTON, Dec. 5 /PRNewswire/ -- Nigel Harrison, Chairman and CEO of FC Holdings, Inc. of Houston, Texas and JLL Partners Fund FCH, L.P. ("JLL") of New York, New York today jointly announce consummation of the initial stock purchase under the Stock Purchase Agreement pursuant to which JLL may invest up to $150 million in FC Holdings. The initial purchase by JLL on November 30, 2007 of $75 million in FC Holdings common stock at a price of $10.00 per share, before any possible decrease, resulted in JLL becoming FC Holdings' largest shareholder, owning approximately 54% of the outstanding stock. In addition to this purchase, JLL has the first right to purchase up to an ...
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