Compass Group PLC Completes Acquisition of Morrison Management Specialists, Inc.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--April 5, 2001 Compass Group The British company Compass Group LSE: CPG is one of the largest food service businesses in the world. It provides catering services to many types of institutions, for example schools, hospitals, companies and nursing homes. PLC (CPG CPG central pattern generators. .L) announced that effective today it has completed the acquisition of Morrison Management Specialists, Inc. (MHI MHI Manufactured Housing Institute MHI Montreal Heart Institute (Montreal, Quebec, Canada) MHI Median Household Income MHI Main Hawaiian Islands MHI Material Handling Institute ). Each outstanding share of Morrison common stock not owned by Compass Group was converted into the right to receive $40.00 in cash, without interest. Morrison will cease to be traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. before the opening of business on Friday, April 6, 2001. Morrison shareholders who hold their stock certificates will receive notice in the mail regarding the process to surrender their shares for cash. Shareholders whose shares are held through banks or brokers will receive information about their holdings from those institutions. Compass Group is the world's largest foodservice company with annual revenues in excess of $12 billion employing over 265,000 people in more than 80 countries worldwide. The company is quoted on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and its website is www.compass-group.com. In North America alone the company has annual revenues of $3.2 billion and employs 86,000 people. Compass Group is the Official Catering Services Supplier for the 2002 Olympic and Paralympic Winter Games in Salt Lake City. Compass Group will provide catering and concession services to the 3,500 residents of the Olympic Village as well as more than 125,000 people daily during the Olympic Winter Games, including members of the worldwide media, judges and officials. For more information, visit its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Division website at www.compass-usa.com. Morrison Management Specialists, Inc. is the only national US company focused exclusively on providing food, nutrition and dining services to the healthcare and senior living markets. Morrison operates through Morrison Healthcare Food Services food services Hospital services A 24/7 department in a hospital that provides for the nutritional needs of inpatients–eg, those needing special diets, preparing meals and transporting them to the floor and, through the cafeteria, the hospital staff and and Morrison Senior Dining, and serves several of the largest and most prominent integrated healthcare systems, hospitals and senior living communities in the United States. Visit this company's Electronic Media Kit at http://www.businesswire.com/emk . |
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