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Graham-Field Health Products, Inc. Acquisition of Fuqua Enterprises,
Inc. on Track to Close
HAUPPAUGE, N.Y., Dec. 4 /PRNewswire/ -- Graham-Field Health Products, Inc. (NYSE: GFI - news), a major
healthcare product manufacturer and supplier, reported today that its previously announced merger with Fuqua Enterprises,
Inc. will be completed as soon as possible following clearance of the proxy materials by the Securities and Exchange
Commission and the receipt of stockholder approvals. Graham-Field stated that all material regulatory approvals, including
expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, have been obtained, and that
Graham-Field is awaiting final clearance of its preliminary proxy materials by the Securities and Exchange Commission.
As was previously announced, the principal stockholders of Fuqua, including members of the Fuqua family, owning
approximately 46% of the outstanding shares have entered into voting agreements with Graham-Field in which they have
agreed to vote their shares in favor of the merger. Graham-Field stockholders owning shares representing approximately 37%
of the outstanding voting power have entered into similar voting agreements with Fuqua.
Irwin Selinger, Chairman of the Board and Chief Executive Officer, stated, ''The merger remains on track, and we look
forward to closing the transaction as soon as possible.'' |
