National Home Health Care Corp. Announces Shareholder Approval of Merger Agreement with Affiliates of Angelo Gordon & Co.
19 6월 2007 - 1:24AM
Business Wire
National Home Health Care Corp. (NASDAQ:NHHC), a provider of home
health care and staffing services in the Northeast, today reported
that at a special meeting of its shareholders held in New York City
on June 15, 2007, the shareholders of NHHC approved and adopted the
amended merger agreement, dated as of June 4, 2007, by and among
NHHC and affiliates of Angelo Gordon & Co. Pursuant to the
amended agreement approved by the shareholders, NHHC�s shareholders
will be entitled to receive $12.75 per share in cash (other than
Frederick H. Fialkow to whom a portion of his merger consideration
will be paid by promissory note). Completion of the transaction is
currently expected to occur no later than September 10, 2007,
subject to, among other things, the satisfaction (or waiver, where
applicable) of the closing conditions, including the absence of a
material adverse effect and obtaining the approval of the New York
State Department of Health. There can be no assurance that these
conditions will be satisfied in a timely fashion or at all. With
respect to the previously disclosed closing condition regarding the
expiration of the waiting period under the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended, NHHC was granted
early termination of said waiting period effective June 15, 2007.
As previously disclosed, Angelo Gordon has consented to a
settlement of the class action lawsuit in exchange for the payment
of an additional $0.10 per share in cash to all NHHC shareholders
other than the directors and officers of NHHC and their families,
subject to reaching an agreement on the language of a stipulation
of settlement. Counsel for the parties have agreed in principle to
settle the action and are currently negotiating the language of a
memorandum of understanding. Under the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995, certain
statements contained in this press release regarding NHHC and/or
NHHC management�s intentions, hopes, beliefs, expectations or
predictions of the future are forward-looking statements. These
forward-looking statements are not historical facts and are only
estimates or predictions. Actual results may differ materially from
those projected as a result of risks and uncertainties detailed
from time to time in NHHC�s filings with the U.S. Securities and
Exchange Commission. NHHC does not intend, or undertake any
obligation, to update publicly any forward-looking statements,
whether as a result of future events, new information, or
otherwise.
National Home Health Care (NASDAQ:NHHC)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
National Home Health Care (NASDAQ:NHHC)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024
National Home Health Care Co (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
More National Home Health Care Corp. News Articles