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Article: West Marine Announces Definitive Agreement to Acquire E&B Marine.
- Article from:
- Business Wire
- Article date:
- April 3, 1996
CopyrightCOPYRIGHT 1996 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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WATSONVILLE, Calif.--(BUSINESS WIRE)--April 3, 1996--West Marine, Inc. (NASDAQ: WMAR) announced today the signing of a definitive merger agreement for West Marine to acquire E&B Marine, Inc. (NASDAQ:EBMA).
Under the terms of the merger agreement, E&B Marine will become a subsidiary of West Marine and the stockholders of E&B Marine will receive shares of West Marine common stock.
The actual number of shares and total value of the transaction will depend upon the average closing price of West Marine's stock for the 15 trading days before the closing as outlined below: 1) if West Marine's closing stock price during this period averages between $38.00 and $43.875, ...