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News Breaks | | | | September 1, 2011 | | 17:08 EDT |  | GLA | Clark Holdings enter into merger with and affiliate of the Gores Group
Clark Holdings announced that it has entered into a definitive merger agreement with an affiliate of The Gores Group, under which Gores will acquire all of the outstanding equity of Clark. Pursuant to the merger agreement, Clark's stockholders will receive 46c in cash for each share of Clark common stock they hold at the time of the merger, which represents a premium to the current market closing share price on September 1 of 171%. | |
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