Big Flower Says Institutional Shareholder Services Recommends a Vote for the Merger.NEW YORK--(BUSINESS WIRE)--Nov. 9, 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 ) today reported that Institutional Shareholder Services (ISS ISS See Institutional Shareholder Services (ISS). ), a leading institutional shareholder advisory firm, has recommended that its subscribers vote for the merger of 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, with and into Big Flower. In the merger, public stockholders would receive an all cash consideration of $31.50 per share of common stock. A vote of Big Flower's stockholders to approve the merger is scheduled for Tuesday, November 23, 1999. In its analysis, ISS said: "Based on the market premium at the time of the company's announcement that it was going to explore strategic transactions, the company's efforts to select the best strategic alternative, and the fairness opinions rendered by Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. and Berenson Minella, we believe the merger agreement warrants shareholder support." The ISS report concludes: "We recommend a vote for the merger agreement." |
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