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Technology Stocks : Big Flower Holdings(BGF)-The next CMGI?

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To: Kirk © who wrote (58)6/29/1999 6:04:00 PM
From: RockyBalboa  Read Replies (1) of 66
 
biz.yahoo.com

Under the terms of the agreement, the common shares of Big Flower held by the public will be converted into
the right to receive $30 per share in cash as well as 0.21 shares of a payment-in-kind (PIK) preferred stock,
Big Flower said.

Big Flower said each share of PIK preferred stock would have a liquidation preference of $25 per share (or
$5.25 per share of Big Flower common stock), together with warrants to purchase common shares of Big
Flower, with an exercise price of $0.01 per share, representing 5 percent of the primary common shares of
the company following the merger re-capitalization.
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