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Article: GRR Merger Announces Completion of Tender Offer for Ground Round Restaurants Inc.
- Article from:
- Business Wire
- Article date:
- October 20, 1997
CopyrightCOPYRIGHT 1997 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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BOSTON--(BUSINESS WIRE)--Oct. 20, 1997--GRR Merger Corp., a company formed by Boston Ventures, announced that, based upon a preliminary report from the depositary, it had accepted for payment 8,776,313 shares tendered (including 11,761 shares tendered by guaranteed delivery) pursuant to its tender offer for all outstanding shares of Ground Round Restaurants Inc. (Nasdaq NMS: GRXR) at a price of $1.65 net to the seller in cash. The tender offer expired at 6:00 p.m., New York City time, on Friday, Oct. 17, 1997.
As a result of consummation of the offer, excluding shares tendered by guaranteed delivery, as to which tendering holders have three NASDAQ National ...