Spear & Jackson going-private deal closes following shareholder approval

By Lisa Kerner

Charlotte, N.C., Oct. 18 - Spear & Jackson, Inc. shareholders approved the company's merger into Pantene Global Acquisition Corp. at a special meeting on Thursday, according to a company news release.

The merger closed on Thursday at 4 p.m. ET, and Spear & Jackson's common stock ceased trading at that time.

On June 25, Spear & Jackson agreed to be taken private by its majority stockholder, United Pacific Industries Ltd., for $1.96 per share. Pantene Global is a subsidiary of United Pacific's wholly owned subsidiary Pantene Global Holdings Ltd.

Spear & Jackson is a Sheffield, England-based premium tool manufacturer.

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