Friendly's shareholders OK takeover
August 29, 2007 07:49 PM
E-mail|
|Comments
()|
Text size
–
+
The restaurant operator Friendly Ice Cream Corp., of Wilbraham, today said its shareholders have approved a $337 million acquisition offer by Freeze Operations Inc., an affiliate of Sun Capital Partners Inc. of Boca Raton, Fla.
About 98.5 percent of shares were voted in favor of the deal.
Shareholders will receive $15.50 per share. The deal is expected to close on Thursday.
(AP)
Comment
Permalink
E-mail
