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Article: Pulmuone Cornerstone Corporation Commences Tender Offer for All Outstanding Shares of Monterey Gourmet Foods, Inc.
- Article from:
- Business Wire
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 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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SALINAS, Calif. -- Pulmuone Cornerstone Corporation ("Purchaser"), a wholly-owned subsidiary of Pulmuone U.S.A., Inc. ("Pulmuone"), announced today the commencement of a tender offer for all outstanding shares of common stock of Monterey Gourmet Foods, Inc. (NASDAQ: PSTA) ("MGF") for $2.70 in cash per share, without interest and less any applicable withholding taxes. The tender offer is being made pursuant to the terms of the Agreement and Plan of Merger, dated as of October 8, 2009, by and among Pulmuone, Purchaser and MGF (the "Merger Agreement").
The tender offer is scheduled to expire at 12:00 midnight, Eastern Time, on Thursday, December 10, 2009, unless the ...