Friendly Ice Cream Corporation Announces Stockholder Approval of Merger
Friendly Ice Cream Corporation (AMEX:FRN) today announced that the stockholders of Friendly's approved the merger of Friendly's with Freeze Operations, Inc., an affiliate of Sun Capital Partners, Inc. Based on preliminary results, of the 6,741,438 shares voted, approximately 98.5% were voted in favor of the merger.
Under the terms of the merger agreement, Friendly's stockholders will receive $15.50 in cash, without interest and less any applicable withholdings, for each share of Friendly's common stock issued and outstanding at the effective time of the merger (other than shares held in Friendly's treasury and shares held by any of Friendly's wholly-owned subsidiaries). Closing of the transaction is expected to occur on August 30, 2007.
Logos, product and company names mentioned are the property of their respective owners.
- Friendly's Emerges From Chapter 11
- Friendly's Enters Chapter 11 To Implement Quick Financial Restructuring
- Andrea M. McKenna Joins Friendly Ice Cream Corporation As VP of Marketing, Chief Marketing Officer
- Friendly's Names John Bowie Senior Vice President for Company Operations
- Friendly's Reports Q2 Loss
- Hard Rock Launches Jimi Hendrix Signature Series: Edition 29
- Denny's Restaurants Supports Homeless Waitress' Jobs Initiative
- Chef Ron Duprat, Top Chef Competitor, Participates at Cornell's Guest Chefs Series
- The Art of the Impresario. By John Hendrie
- Pizza Hut Expects to Surpass 2 Million Pizzas Sold on Football's Biggest Day
