Compass Group PLC Completes Cash Tender Offer for Morrison Management Specialists, Inc.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--April 2, 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) today announced that the initial offering period for its cash tender offer for Morrison Management Specialists, Inc. expired at 5:00 p.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on March 30, 2001. The $40.00 per share cash tender offer was for all outstanding shares of Morrison common stock. At the end of the initial offering period, 11,913,813 shares of Morrison common stock were validly tendered, including 414,048 shares by guaranteed delivery, representing 92.8% of the total issued and outstanding shares of Morrison common stock. Compass Group has accepted, and will promptly pay for the Morrison common stock tendered during the initial offering period through SunTrust Bank, the depositary for the tender offer. As contemplated by the tender offer materials, Compass Group will provide a subsequent offering period of three business days for the Morrison tender offer. This subsequent offering period begins today and expires at 5:00 p.m., New York City time, on Wednesday, April 4, 2001. During this period, shares of Morrison common stock will be accepted and promptly paid for as they are tendered. The same $40.00 per share price paid during the initial offering period is being extended through the subsequent offering period. Shares that are tendered during the subsequent offering period may not be withdrawn. Notes 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 North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. 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
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. |
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