Goody's(GDYS Quote) history as a publicly traded company ended Tuesday with two investment firms saying they own more than 95% of the company's outstanding stock after making a buyout offer.
Prentice Capital Management and GMM Capital said 89.3% of the retailer's outstanding stock was tendered into its $9.60-a-share offer. Together with shares already owned by Prentice, the firms now control 32.4 million shares, or 95.4% of the company's stock. As a result of the merger, each remaining outstanding share of Goody's common stock will be converted into the right to receive $9.60 per share, in cash, without interest. Goody's Robert M. Goodfriend resigned as chairman and chief executive. Isaac Dabah, a principal of GMM Capital, was named chairman. The stock was recently up 3 cents to $9.59. Get Jim Cramer's picks for 2006.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
-
Ore Increases Boost Steel Prices
The Wall Street Journal.
-
Europe Weighs Rescue Plan for Greece
WSJ.com: Asia Home
-
China Passes Germany as Worlds Top Exporter
New York Times
-
Paulson Tells Buffett Banks to Repay ‘Every Penny’ (Update2)
BusinessWeek Online
-
Storm over bailout of Greece, EU's most ailing economy
Latest Business News from Times Online
-
IAC Posts Loss, but Still Beats Expectations
New York Times
-
Tuesday Reads
The Big Picture
-
U.S. Stocks Rally on Growing Prospects for Bailout of Greece
BusinessWeek Online
-
Toyota in new doubts over car fix
BBC
-
Rail Traffic Flat in January Compared to 2009
Calculated Risk
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,058.64 | 1,070.52 | 2,150.87 | 36.33 |
Oil *
72.02
|
|
UP
150.25
|
UP
13.78
|
UP
24.82
|
UP
0.41
|
10 Yr
3.63%
SPDR Gold
105.45
|
|
+1.52%
|
+1.30%
|
+1.17%
|
+1.14%
|
Data delayed 20 minutes |
More From TheStreet
Latest Headlines
Brokerage Partners
Sponsored Links
