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Article: Tender offer for Tops Markets completed.
- Article from:
- PR Newswire
- Article date:
- July 10, 1987
CopyrightCOPYRIGHT 1987 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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TENDER OFFER FOR TOPS MARKETS COMPLETED
BUFFALO, N.Y., July 10 /PRNewswire/ -- Tops Markets, Inc. (NASDAQ-NMS: TPPS) and Riordan Freeman & Spogli today announced the completion of a $33.50 per share cash tender offer for all of Tops Markets' outstanding common stock by RFS Buffalo Acquisition Corporation, a new company organized by Riordan Freeman & Spogli in connection with the previously announced leveraged buyout of the company.
RFS Buffalo Acquisition Corporation is purchasing 5,351,173 shares of common stock of Tops Markets, or approximately 91.4 percent of the outstanding common stock, which were received in the tender offer that expired at ...