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Article: La Madeleine, Inc. Sold to European and American Investors; Acquisition Provides Capital for Chain Restaurant's Expansion.
- Article from:
- PR Newswire
- Article date:
- December 10, 2001
CopyrightCOPYRIGHT 2001 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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DALLAS -- A European strategic investor group led by Lapointe Rosenstein and an American investor group including Cadigan Investment Partners today announced the acquisition of la Madeleine, Inc. for an undisclosed amount. The purchase includes all of la Madeleine's 62 bakeries in eight markets across the United States.
(Photo: http://www.newscom.com/cgi-bin/prnh/20011210/DAM017 )
The acquisition provides a substantial equity infusion that will allow la Madeleine to recapitalize its balance sheet and proceed with expansion plans in existing markets across the country. In addition, the new owners will reconfigure la Madeleine's current board by adding ...