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Article: Angelica Corporation Announces Completion of Merger.
- Article from:
- Business Wire
- Article date:
- August 4, 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 announced today the completion of its acquisition by an affiliate of Lehman Brothers Merchant Banking. Under the terms of the merger agreement, each issued and outstanding share of Angelica common stock was converted into the right to receive $22.00 in cash.
Angelica common stock will cease to trade on the New York Stock Exchange (NYSE) at market close today and will no longer be listed on the NYSE.
Stockholders of record will receive a letter of transmittal and instructions on how to surrender their shares of Angelica common stock in exchange for the merger consideration. Stockholders of record should wait to receive ...