Addison IL, November 9-- Floor-care equipment and chemical manufacturer Minuteman International announced that it will merge with Hako-Werke International Inc.
The company said the merger was consummated immediately
As a result of the Merger, Minuteman will continue as the surviving corporation and will be entirely owned by Hako. Minuteman's shares ceased trading on the Nasdaq Stock Market at the conclusion of market trading Monday, November 8.
In the merger, each outstanding share of Minuteman common stock, other than shares beneficially owned by Hako, was converted into the right to receive $13.75 per share in cash, without interest. A form of letter of transmittal for use in submitting Minuteman shares to the exchange agent will be mailed to those shareholders who held Minuteman shares immediately prior to the Merger.
Minuteman, headquartered in the Chicago suburb of Addison, Illinois, is a
full-line manufacturer of maintenance products.
