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Article: Madison Dearborn Partners and Tuesday Morning Corporation Announce Definitive Merger Agreement
- Article from:
- PR Newswire
- Article date:
- September 15, 1997
CopyrightCOPYRIGHT 1997 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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DALLAS, Sept. 15 /PRNewswire/ -- Tuesday Morning Corporation (Nasdaq: TUES), and Madison Dearborn Partners announced today that they have entered into a definitive merger agreement. An affiliate of Madison Dearborn will acquire Tuesday Morning Corporation and the shareholders of Tuesday Morning will receive $25.00 in cash for each of their Tuesday Morning shares.
Closing of the merger is presently anticipated for December, 1997 or early 1998 after completion of SEC filings, and shareholder approval. The transaction will be funded through equity investments by Madison Dearborn, senior management, and debt financing. Merrill Lynch has issued a highly ...