Centerplate, Inc. has agreed to a reduced merger price of $2.50 per share for the previously announced purchase of the Stamford, CT-based concessions company by the Kohlberg & Co. buyout firm. The initially agreed price of $4.00 had to be reduced due to weakness in the current credit markets. The transaction is expected to be completed in the first quarter of 2009, and is subject to the approval of Centerplate shareholders. The company provides concessions, catering and merchandise ...

Register to view this Article

Why Register for FREE?

 

Registering for Premium Content on Food Management will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. 

Already registered? here.