ShopKo deal sweetened … again
September 29, 2005,
GREEN BAY , Wis. -- ShopKo Stores, Inc., Badger Retail Holding, Inc., and Badger Acquisition Corp. (affiliates of Goldner Hawn Johnson & Morrison, Incorporated, a Minneapolis-based private equity firm) have once again sweetened the merger agreement for the acquisition of ShopKo by Badger Retail in an all-cash transaction.
With the additional 50 cents, Goldner Hawn has indicated that John A. Levin & Co. and several of its affiliates (Levco Affiliates) have now agreed to vote all of their shares of ShopKo stock in favor of the amended merger agreement.
Levco Affiliates own 1,818,400 shares of ShopKo, representing approximately 6 percent of the issued and outstanding ShopKo shares. The Levco Affiliates had previously indicated their opposition to the merger agreement.
A vote is scheduled for Oct. 17.
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