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Published on 4/26/2007 in the Prospect News Special Situations Daily.

Refac Optical Group taken private following short-form merger

By Lisa Kerner

Charlotte, N.C., April 26 - Palisade Concentrated Equity Partnership, LP affiliate ROG Acquisition, Inc. completed a short-form merger transaction April 26 to take Refac Optical Group private for $6 per share.

ROG, which holds 91.4% of Refac stock, merged with and into the company, according to a company news release.

Refac will file a Form 15 with the Securities and Exchange Commission on April 30 terminating its status as a public company. The plan to take the Blackwood, N.J., retail optical chain private was announced Feb. 26.


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