Mill Road Capital

KOS (TSX) QUEBEC CITY, Nov. 20 /PRNewswire-FirstCall/ - Cossette Inc. reaffirmed today its support for the privatization transaction (the "Mill Road Transaction") with Mill Road Capital, L.P. ("Mill Road") and its recommendation that shareholders vote in favour thereof. The management information circular in connection with the special general meeting of shareholders to be held on December 18, 2009 to consider the Mill Road Transaction has been filed with the Canadian provincial securities regulatory authorities and will be mailed to shareholders shortly. The circular contains a determination that the Mill Road Transaction is fair to Cossette's shareholders other than key senior management shareholders (the "Senior Executives") exchanging part of their Cossette shares for shares of a wholly-owned subsidiary of Mill Road (the "Public Shareholders") and is in the best interests of Cossette and the Public Shareholders. The circular also contains a recommendation to the shareholders of Cossette that they vote in favour of ...

KOS (TSX) QUEBEC CITY, Nov. 20 /PRNewswire-FirstCall/ - Cossette Inc. ("Cossette") provided today an update on its strategic review process following the announcement by Cosmos Capital Inc. ("Cosmos"), on November 17, 2009, that it would amend its offer launched on October 30, 2009 with several parties, including members of the H.I.G. Capital, LLC group, a US-based equity investment firm, to increase its price to $7.87 per share and add a due diligence condition to its offer whereby Cosmos shall have been granted access to all non-public information relating to Cossette or any of its entities as well as to management of Cossette and shall be satisfied in its sole discretion with the results of its review of that information. The revised price under Cosmos' amended offer matches the all-cash consideration of $7.87 per share to be received by shareholders under the transaction with Mill Road Capital, L.P. ("Mill Road") which is ...

KOS (TSX) QUEBEC CITY, Nov. 18 /PRNewswire/ - Cossette Inc. ("Cossette") indicated today that its Board of Directors will review the amended offer announced by Cosmos Capital Inc. ("Cosmos") on November 17, 2009 once it has been filed by Cosmos with the Canadian provincial securities regulatory authorities. At that time, Cossette's Board of Directors will determine any ...

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KOS (TSX) QUEBEC CITY, Nov. 10 /PRNewswire-FirstCall/ - As a result of an extensive strategic review process initiated at the end of July 2009, Cossette Inc. ("Cossette" or the "Company") today announced that it has entered into a definitive agreement (the "Agreement") to be acquired and taken private by Mill Road Capital, L.P. ("Mill Road"), a Greenwich, Connecticut-based private investment firm (the "Transaction"). Under the terms of the Agreement, Mill Road will acquire all of the issued and outstanding subordinate voting shares of the Company (the "Shares") for a consideration of $7.87 per share in cash, other than the shares of Senior Management Shareholders (as defined below). The transaction is not conditional on financing or due diligence. The all-cash consideration of $7.87 per Share represents a premium of approximately 40% to the volume-weighted average trading price of the Shares for the past 20 trading days, 50% over Cosmos Capital Inc.'s ("Cosmos") offer price ...