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Article: Special Committee of Intimate Brands, Inc. Recommends Acceptance of Offer by The Limited, Inc.
- Article from:
- PR Newswire
- Article date:
- March 12, 2002
CopyrightCOPYRIGHT 2002 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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COLUMBUS, Ohio -- Intimate Brands, Inc. announced today that a special committee of independent directors recommended that Intimate Brands stockholders accept the exchange offer commenced by The Limited, Inc. .
On February 5, 2002, The Limited announced an offer to the Intimate Brands stockholders to exchange approximately 16% of the issued and outstanding Class A common stock of Intimate Brands for shares of common stock of The Limited at an exchange ratio of 1.046 shares of common stock of The Limited for each outstanding share of Class A common stock of Intimate Brands (the "Offer"). On March 7, 2002, The Limited announced an increase in the exchange ratio to ...