Centerplate (CVP) Signs Merger Agreement with Kohlberg & Company
More News related to CVP
- Centerplate (CVP) Signs Merger Agreement with Kohlberg & Company
- Notable Mergers and Acquisitions of the Day 5/8 (BBY, ITW, CVP)
- Centerplate (CVP) Reports Q1 Loss of $0.53; To Review Alternatives
- Unusual 11 Mid-Day Movers 4/7: WM, DXCM, WLK, TGIC Higher; BWTR, MESA, SCSC, EVVV Lower
- Unusual 11 Mid-Day Movers 4/2: NYNY, FRPT, CTCT, DDS Higher; DEEP, CVP, ISTA, LOJN Lower
More News related to Corporate News
- After-Hours Movers 11/09: SGK, PCLN, SQNM Higher; MBI, SDTH, UTK, TOPS, CPST, BTN, FLR Lower
- Trading Radar for 11/10: Tyco Int. (TYC), ArvinMeritor (ARM), Clearwire (CLWR), American Apparel (APP) Report
- Unusual 11 Mid-Day Movers 11/09: EONC, EWBC, REV, PRST Higher; GTN, CHNG, SRZ, CHDX Lower
- Notable Analyst Rating Changes: RSH, ANF, NOC, ADBE, HERO Upgraded; RIMM, RHT, GPS, AZN, SGY Downgraded
- Morning Movers 11/09: EWBC, CVM, REV, CGEN, RSH Higher; CHDX, SRZ, GTN, RPRX, VSR Lower
Centerplate, Inc. (Amex: CVP) announced that it has signed a definitive merger agreement with an affiliate of Kohlberg & Company, L.L.C. (Kohlberg & Company), a leading private equity firm, to be acquired in an all cash transaction. The Board of Directors of Centerplate has unanimously approved the transaction.
Under the terms of the agreement, the transaction will be accomplished through a debt tender for up to 70% of the notes and a merger in which 100% of the Company's common stock will be acquired. Each unit holder who tenders the notes underlying their units will receive $3.99 for each note tendered, subject to proration if more than 70% of the notes are tendered. At the closing of the merger, each unit holder will also receive $0.01 per share for the common stock underlying their units for a total payment to IDS holders of $4.00 per unit. This represents a premium of approximately 33% over Centerplate's closing price today.
Related Categories
Corporate NewsMergers and Acquisitions
Stocks Mentioned
+0.00Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
