BROCK CANDY SHAREHOLDERS APPROVE MERGER.CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Nov. 1, 1994--Brock Candy Company (Nasdaq/NM:BRCK) today announced that its shareholders have approved a previously announced agreement to merge with Brach Acquisition Co. Pursuant to the merger transaction, which was consummated today, all of the stockholders of the Company are entitled to receive $20.00 in cash for each share of the Company held of record as of November 1, 1994. Brach Acquisition Co. was formed by affiliates of E.J. Brach Corporation ("Brach"). Letters of transmittal will be mailed to stockholders of Brock Candy Company this week, which, when properly completed, signed and returned to Trust Company Bank as the exchange agent, will entitle each stockholder to receive $20.00 per share of Brock Candy Company common stock. E.J. Brach Corporation and Brock Candy are now to be known as Brach and Brock Confections Inc. Offices will continue to be maintained in Chicago, Illinois, and Chattanooga, Tennessee “Chattanooga” redirects here. For other uses, see Chattanooga (disambiguation). Chattanooga is the fourth-largest city in Tennessee (after Memphis, Nashville, and Knoxville), and the seat of Hamilton CountyGR6 . Paul K. Brock, President of Brock Candy Company, will serve as Chairman of the combined companies, while Kevin Martin Kevin Martin may refer to one of several people:
Paul K. Brock stated, "I am pleased with the closing of this transaction and believe it is in the best interests of Brock's shareholders. The merger should enable Brach and Brock Confections to better compete and serve its customers in the candy business. In particular, the combined strengths of the two companies will offer greater opportunities for future growth in both the domestic and international marketplaces." Brock Candy Company manufactures and sells a variety of sugar and chocolate candies, gummi candies and fruit snacks, marketed primarily under the Brock label. Brock Candy had net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in its fiscal year ended June 26, 1994, of $112.7 million, and has plants in Chattanooga, Tennessee; Winona, Minnesota Winona is the county seat of Winona County6. Located in picturesque bluff country on the Mississippi River, its most noticeable physical landmark is Sugar Loaf. Winona is named after the legend of Princess Winona, a possible relative of Chief Wapasha (Wabasha) III. ; and Souderton, Pennsylvania Souderton is a borough in Montgomery County, Pennsylvania, United States. The population was 6,730 at the 2000 census. Annually each September, Souderton hosts the end of the Univest Grand Prix, formally one of the premier amateur bicycle races, now gone professional. . Brock Candy also holds a 30% interest in Clara Candy, Dublin, Ireland. E.J. Brach Corporation is a privately held candy manufacturer with its corporate headquarters and primary manufacturing facility in Chicago, Illinois, and additional plants located in Sullivan, Illinois Sullivan is a city in Moultrie County, Illinois, United States. The population was 4,326 at the 2000 census. It is the county seat of Moultrie County.GR6 Sullivan is named after Revolutionary War general John Sullivan. , and Davenport, Iowa Davenport is a city in the American state of Iowa that borders the Mississippi River. As of the 2000 census, the city had a total population of 98,359. A 2006 estimate tells that the city had grown slightly to 99,514. . CONTACT: Brock Candy Co., Chattanooga Harry J. Cynkus, 615/899-1100, extension 250 |
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