Enterprise Acquisition (EST) To Merge With Workflow Management
Enterprise Acquisition Corp. (Amex: EST) signed a definitive merger agreement pursuant to which it will merge with WF Capital Holding Inc., the privately-held parent of Workflow Management, Inc., one of the leading providers of managed print and promotional production and fulfillment solutions in North America.
The shares of Workflow will be acquired by Enterprise for an aggregate purchase price of US$669.0 million, which does not include the value of the management incentive share grant and which will consist of the assumption of up to US$490.0 million in existing Workflow indebtedness and US$179.0 million in Enterprise common stock to Workflow's stockholders.
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