|
|
Article: Carey International to Be Acquired by an Affiliate of Chartwell and Ford For $18.25 Per Share.
- Article from:
- PR Newswire
- Article date:
- July 19, 2000
CopyrightCOPYRIGHT 2000 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)
|
WASHINGTON, July 19 /PRNewswire/ --
Carey International, Inc. (Nasdaq: CARY) the world's largest chauffeured vehicle services company, announced today that it has entered into a definitive agreement and plan of merger with an entity affiliated with both Chartwell Investments II, LLC, a New York private-equity firm, and Ford Motor Company. The Company's Board of Directors, with a recommendation of a special committee comprised of outside directors, unanimously approved the transaction that provides for the acquisition of all outstanding shares of Carey International stock for $18.25 per share in cash.
The transaction is structured as a joint tender offer, ...