SHAREHOLDERS APPROVE MERGER WITH S.A. BREWING HOLDINGS INC.
SHAREHOLDERS APPROVE MERGER WITH S.A. BREWING HOLDINGS INC. CLEVELAND, June 22 /PRNewswire/ -- Shareholders of Mor-Flo Industries, Inc. (NASDAQ: MORF), at a special meeting on June 20, 1992, approved the merger of Mor-Flo into S.A. Brewing Holdings Ltd., Adelaide, Australia. Mor-Flo shareholders will receive approximately $7.92 per each share of Mor-Flo common stock they own. The Company anticipates that the transaction, valued at approximately $21 million, will be concluded in early July. Mor-Flo is a leading national manufacturer of gas, electric and solar water heaters as well as related home heating products. The Company is headquartered in Cleveland, Ohio and has major manufacturing facilities in Johnson City and Chattanooga, Tenn., and Santa Monica, Calif. -0- 6/22/92 /Contact: Jerry Polster of Mor-Flo Industries, Inc., 216-663- 7300/ (MORF) CO: Mor-Flo Industries ST: Ohio IN: SU:
SM -- CL002 -- 2235 06/22/92 08:36 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Jun 22, 1992|
|Previous Article:||AMERICAN PACIFIC ANNOUNCES STATUS OF ITS HALOTRON AND SODIUM AZIDE PROJECTS|
|Next Article:||JOY TECHNOLOGIES ANNOUNCES EXCLUSIVE AGREEMENT FOR HIGH WALL MINING SYSTEM|