Big Flower Shareholders Approve $1.9 Billion Merger.NEW YORK--(BUSINESS WIRE)--Nov. 23, 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") announced that at a meeting of stockholders held today, the Company's stockholders approved the merger of Big Flower 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. Under the terms of the merger, which are set forth in the Amended and Restated Agreement and Plan of Merger, dated October 11, 1999, public stockholders will receive all cash consideration of $31.50 per share of Big Flower common stock held. Big Flower expects the merger to close during the fourth quarter of 1999. "This completes a lengthy and exhaustive process, which has resulted in the achievement of significant value for our shareholders," said Peter Diamandis Peter H. Diamandis (born 20 May 1961 in Bronx, New York) is considered a key American figure in the development of the personal spaceflight industry, having created many space-related businesses or organizations. , Chairman of the Independent Directors of Big Flower. "We are grateful for their patience and pleased with their support." |
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