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Article: dick clark productions to be Acquired in $140 Million Transaction.
- Article from:
- Business Wire
- Article date:
- February 14, 2002
CopyrightCOPYRIGHT 2002 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
BURBANK, Calif.--(BUSINESS WIRE)--Feb. 14, 2002
dick clark productions, inc. (NASDAQ: DCPI - news) today announced that it has entered into a definitive merger agreement, pursuant to which a group of investors led by Mosaic Media Group, Inc., Capital Communications CDPQ Inc. (which does business as CDP Capital Communications), and Jules Haimovitz, a senior television executive, will acquire all of the outstanding shares of dick clark productions. The agreement provides that stockholders other than Dick Clark will receive $14.50 per share in cash. Mr. Clark will receive $12.50 per share in cash for a portion of his shares. Henry ...