|
|
Article: GR Acquisition Corporation to Acquire Garden Ridge Corporation in a Cash Tender Offer for $11.50 Per Share.
- Article from:
- PR Newswire
- Article date:
- November 22, 1999
CopyrightCOPYRIGHT 1999 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)
|
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 ...