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Prospect News home > News index > List of issuers C > Headlines for Coinmach Service Corp. > News item
Published on 11/19/2007 in the Prospect News Special Situations Daily.

Coinmach merger delayed once again

By Lisa Kerner

Charlotte, N.C., Nov. 15 - Coinmach Service Corp.'s merger with Babcock & Brown Ltd. affiliate Spin Holdco Inc. is now slated to close on Nov. 19, according to a company news release.

As previously reported, the merger had originally been expected to close on Nov. 14. However, SpinCo asked to delay the closing to Nov. 16.

Under the companies' June 14 merger agreement, Coinmach stockholders will receive $13.55 cash per share.

Coinmach is a laundry equipment services company based in Plainview, N.Y.


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