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Article: PS Group Holdings to be Acquired for $12 Per Share in Transaction Organized by Integrated Capital Associates.
- Article from:
- Business Wire
- Article date:
- December 20, 1999
CopyrightCOPYRIGHT 1999 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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Business Editors
SAN DIEGO, CA--(BUSINESS WIRE)--Dec. 20, 1999
--GATX Capital to provide loan financing for transaction--
--PS Group Holdings also announces letter of intent to sell
its Statex oil and gas subsidiary to management--
PS Group Holdings, Inc. (NYSE:PSG) announced today that it has entered into a definitive merger agreement under which it will be acquired for $12 per share. The transaction is expected to close by the end of April 2000.
Through subsidiaries, PS Group Holdings operates in three reportable segments: through PS Group, Inc. it engages in aircraft leasing; through PS Trading, Inc. it engages in ...