Log In | Become a Member | Contact Us

Market Intelligence for Printing and Publishing

Connect on Twitter | Facebook | LinkedIn

Featured: Special Report: Printing Outlook 2019     Production Inkjet     Installations and Placements Tracker

Kinko's Announces Successful Conclusion of Tender Offer for ImageX

Friday, May 02, 2003

Press release from the issuing company

DALLAS, May 1 -- Kinko's, Inc., today announced the successful completion of the subsequent offering period for its tender offer to purchase all of the outstanding shares of common stock of ImageX, at a price of $.512 per share. The subsequent offering period expired at 12:00 midnight, New York City time, on Wednesday, April 30, 2003. Based on preliminary information provided by Mellon Investor Services LLC, the depositary for the tender offer, an aggregate of approximately 28,262,901 shares of ImageX common stock were tendered in the initial offering period and subsequent offering period (including approximately 67,039 shares tendered by notice of guaranteed delivery). This represents approximately 90.5 percent of the outstanding shares of ImageX. Kinko's, through its wholly-owned subsidiary Kinko's Washington, Inc., has accepted for payment all shares validly tendered in the tender offer. Kinko's plans to effect a merger between Kinko's Washington, Inc., and ImageX by May 7, 2003, or as soon as practicable thereafter. The merger is expected to be consummated without a vote or meeting of ImageX stockholders. In the merger, each of the remaining shares of ImageX common stock will be converted into the right to receive $.512 in cash, without interest. ImageX will then become a wholly owned subsidiary of Kinko's, Inc.




Email Icon Email

Print Icon Print

Become a Member

Join the thousands of printing executives who are already part of the WhatTheyThink Community.

Copyright © 2019 WhatTheyThink. All Rights Reserved