Article: GR Acquisition Corporation to Acquire Garden Ridge Corporation in a Cash Tender Offer for $11.50 Per Share.

HOUSTON, Nov. 22 /PRNewswire/ -- GR Acquisition Corporation and Garden Ridge Corporation (Nasdaq: GRDG) today jointly announced that they have executed a definitive merger agreement under which GR Acquisition Corporation will commence a cash tender offer to acquire all of the outstanding shares of Garden Ridge, other than those owned by GR Acquisition or its affiliates, for $11.50 per share. The tender offer is scheduled to expire at midnight, New York City time, on December 22, 1999.

GR Acquisition is wholly owned by GRDG Holdings LLC. GRDG Holdings is majority owned by two investment funds advised by Three Cities Research, Inc.

If at least 51% of ...

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