EFI Exercises Option to Purchase Printcafe Stock
Press release from the issuing company
PITTSBURGH, Pa., June 11 -- Printcafe announced that Electronics For Imaging, Inc. exercised in full an option to purchase 2,126,574 shares of Printcafe common stock at a price of $2.60 per share. On February 26, 2003, Printcafe and EFI entered into a merger agreement providing for EFI's acquisition of Printcafe for $2.60 per share for each outstanding Printcafe share. After exercise of the option, EFI increased its beneficial ownership, which includes shares owned by other Printcafe stockholders which are subject to voting agreements in favor of EFI, of Printcafe common stock to 3,987,742 shares, or 31% of the outstanding shares.
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