Case, Pomeroy & Company, Inc. Announces Completion of Merger and Redemption of 6% Cumulative Preferred Stock and Series A 10% Cumulative Preference Stock.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Case, Pomeroy & Company, Inc. (the "Company") announced today that it has completed the merger of CP Newco, Inc. ("CP Newco") with and into the Company, pursuant to a definitive merger agreement under the terms of which the stockholders of the Company (other than certain stockholders affiliated with the Case founding family) are entitled to receive $1,855.00 in cash for each share of the Company's Class A and Class B common stock they held prior to the effective time of the merger. The transaction was approved by the stockholders of the Company on December 20, 2006. In connection with the merger transaction, the Company has exercised its right to redeem all of the outstanding shares of its 6% Cumulative Preferred Stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. and Series A 10% Cumulative Preference Stock at a price of $10.00 per share, plus any accrued and unpaid dividends Unpaid dividend A dividend declared by the directors of a corporation that has not yet been paid. unpaid dividend 1. A declared dividend that has not yet been paid. 2. See passed dividend. at the time of redemption. Additional Information about the Merger and Where to Find It In connection with the merger described herein, the Company distributed a proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. to its stockholders. Copies of the proxy statement can be obtained, without charge, by directing a request to Innisfree M&A, 501 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , New York, New York 10022; Toll Free Telephone: 888-750-5834. Statements in this press release regarding the Company's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. |
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