Ginko Corp. completes acquisition of Information Resources.Ginko Corp. (Palo Alto, CA), a new company formed by Symphony Technology Group (Palo Alto, CA) and Tennenbaum Capital Partners (Los Angeles, CA), has completed its merger with Information Resources Inc. (IRI Iri (ē`rē`), former city, North Jeolla (Cholla) prov., SW South Korea. An agricultural center and transportation hub, it was absorbed into Iksan. ; Chicago, IL). IRI is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Ginko Corp. Under terms of the deal, holders of IRI stock at the time of the merger will receive one CVR CVR See contingent value right (CVR). and $3.30 in cash per share. This is the same consideration that Ginko paid to IRI shareholders who tendered into the original offer. IRI is a provider of scanner- and panel-based business services to the consumer packaged goods and healthcare industries. The company supplies CPG CPG central pattern generators. and pharmaceutical manufacturers, retailers, and brokers with information and analysis relevant to sales, marketing and supply chain operations. Symphony said it is committed to "strengthening IRI and to ensuring that IRI will deliver its mission of providing market data, enterprise software and analytic services." |
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