Angelica shareholders say 'yes' to merger

By Lisa Kerner

Charlotte, N.C., July 29 - Angelica Corp. said its shareholders approved Angelica's merger agreement with a company formed by Lehman Brothers Merchant Banking.

More than 99% of the shares voted were cast in favor of the transaction, a company news release stated.

On May 22, Angelica agreed to be taken private for $22 per share in cash.

Angelica is a Chesterfield, Mo.-based textile rental and linen management services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.