Big Flower Completes $1.9 Billion Re-capitalization.NEW YORK--(BUSINESS WIRE)--Dec. 7, 1999-- Big Flower 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 ) ("Big Flower" or the "Company") today announced that it has consummated the previously announced merger with BFH BFH Bundesfinanzhof BFH Battlefield Heroes (gaming) BFH Bus Fare Home BFH Benign Familial Hematuria BFH Benign Fibrous Histiocytoma BFH Bitch from Hell BFH Big Freaking Hammer Merger Corp., an affiliate of Thomas H. Lee Company and Evercore Capital Partners LP. As set forth in the Amended and Restated Agreement and Plan of Merger, dated October 11, 1999, public shareholders will receive all cash consideration of $31.50 per share of Big Flower common stock held. Additionally, Big Flower announced that it has successfully completed tender offers and consent solicitations Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with for its for its 8 7/8% Senior Subordinated Notes due 2007 and its 8 5/8% Senior Subordinated Notes due 2008. |
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