Big Flower Addendum To Announcements.NEW YORK--(BUSINESS WIRE)--September 22, 1997--This is further to the announcements by Big Flower Press Holdings, Inc. (NYSE NYSE See: New York Stock Exchange : BGF BGF Black Guerrilla Family (Afro-American prison gang symbol/tattoo) BGF Boursier du Gouvernement Français (French) BGF Black Guerilla Family (gang) BGF Best Guy Friend ) of its acquisition of UK-based Olwen Direct Mail and the execution of definitive agreements to acquire Riverside County Publishing Company and Columbine columbine, in botany columbine (kŏl`əmbīn), any plant of the genus Aquilegia, temperate-zone perennials of the family Ranunculaceae (buttercup family), popular both as wildflowers and as garden flowers. JDS See Java Desktop System. for an aggregate consideration, including the assumption and/or repayment of debt, of approximately $260 million, including the issuance of approximately 956,000 shares of Big Flower common stock. The issuance of such shares will not be subject to any cap or collar and will be subject to a customary lock-up period. Furthermore, consistent with technology-related acquisitions, Big Flower anticipates incurring a one-time, non-cash charge Non-Cash Charge A charge off, made by a company against earnings, that does not require an initial outlay of cash. Notes: Non-cash charges are typically against the depreciation, amortization, and depletion accounts on a company's balance sheet. to earnings of approximately $55 million for the write-off of in-process research and development costs in connection with its definitive agreement to purchase Columbine JDS. CONTACT: Big Flower Press, New York Nancy S. Murray, 212/521-1606 |
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