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Article: Monarch Dental Corporation Enters into Letter of Intent Regarding Sale of the Company at $5.00 Per Share.
- Article from:
- Business Wire
- Article date:
- September 12, 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 & Health/Medical Writers
DALLAS--(BUSINESS WIRE)--Sept. 12, 2002
Monarch Dental Corporation (Nasdaq:MDDS) today announced that it has entered into a letter of intent with Bright Now! Dental, Inc., Gryphon Advisors II, L.P. and The 180 Degree Group, LLC regarding the sale of the Company.
The sale transaction would be structured as a merger of an affiliate of Bright Now! Dental with the Company. Stockholders of the Company would receive $5.00 per share in cash upon completion of the merger. In connection with entering into the letter of intent, the investors provided the Company with financing commitments sufficient to fund the ...