US: Angelica shareholders vote to approve sale
Author: just-style.com | 30 July 2008
Shareholders in textile rental firm Angelica Corporation have approved its sale to a company formed by Lehman Brothers Merchant Banking Partners, an affiliate of the Lehman Brothers investment bank.
The transaction, which was first revealed in May, offers $22.00 per share and values the company at around $210m.
Angelica's common stock, which has been listed on the New York Stock Exchange, will no longer be publicly traded.
Companies: Angelica Corporation
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