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To: GARY P GROBBEL who wrote (18065)2/18/2004 10:38:52 PM
From: Chris Forte  Respond to of 120405
 
Another one of our micros goes to Acquisition Heaven...

Compass Group agrees to buy Creative Host Services

February 18, 2004 16:53:56 (ET)

SAN FRANCISCO, Feb 18 (Reuters) - The U.S. subsidiary of Compass Group Plc ((CPG.L)), the world's biggest catering firm, said on Wednesday it agreed to buy Creative Host Services Inc. (CHST,Trade) for $3.40 a share in cash, picking up more than 100 concession facilities at airports.

Compass Group USA Investments LLP, the subsidiary of U.K.-based Compass Group, said the management team of San Diego, California-based Creative Host would remain in place after the acquisition.

"Creative Host's management team and track record of growth in the airport concessions market fits nicely with our existing airport operations," said Gary Green, president and chief executive of Compass Group North America in a statement.

Investment bank Houlihan Lokey Howard & Zukin advised Creative in connection with the acquisition, the companies said.

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To: GARY P GROBBEL who wrote (18065)2/18/2004 10:44:10 PM
From: Catfish  Read Replies (1) | Respond to of 120405
 
Gary,
Here is the link:

investorshub.com