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Article: Angelica Corporation Shareholders Vote to Approve Merger.
- Article from:
- Business Wire
- Article date:
- July 29, 2008
CopyrightCOPYRIGHT 2008 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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ST. LOUIS -- Angelica Corporation (NYSE: AGL) announced that its shareholders approved the merger agreement between Angelica and a company formed by Lehman Brothers Merchant Banking. The merger agreement was approved today at a special meeting of shareholders of Angelica's outstanding shares of common stock, with more than 99% of the shares voted cast in favor of the transaction.
Under the terms of the merger agreement, all of the outstanding shares of Angelica will be acquired for a price per share of $22.00 in cash. Angelica's common stock, which has been listed on the New York Stock Exchange, will no longer be publicly traded. The merger is expected to be ...