The North Face (TNFI) Message Board

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Non-Tech : The North Face (TNFI)

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To: J. M. who wrote ()	2/28/1999 7:14:00 AM
From: Grommit	Read Replies (1) of 236

Looks like $17 per share at the open. I do not think that $17 is a full valued price, but it sounds like our rights are limited with this wording ...The tender offer and stock purchase will be followed as promptly as practicable by a merger pursuant to which any shares not previously tendered and redeemed will be acquired for $17.00 cash per share... Anyone know if this can get messy and if the price can go higher? biz.yahoo.com "The North Face, Inc. Announces Recapitalization Agreement CARBONDALE, Colo., Feb. 28 /PRNewswire/ -- The North Face, Inc. announced that its Board of Directors has approved an agreement covering a recapitalization which will result in the public shareholders receiving $17.OO cash per share and the acquisition of control by Leonard Green & Partners, L.P. and James Fifield, Chief Executive Officer and a Director of The North Face, Inc....

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