Compass Group PLC announced that it has received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the tender offer by its wholly-owned indirect acquisition subsidiary, Yorkmont One, Inc., for all of the outstanding shares of common stock of Morrison Management Specialists, Inc.
The tender offer was commenced on February 16, 2001 at a price of $40.00 per share, net to seller, in cash. The tender offer is also subject to certain conditions, including the valid tender of at least a majority of the shares of Morrison common stock on a fully diluted basis, without withdrawal. The early termination of the Hart-Scott-Rodino waiting period has satisfied one of the conditions to the tender offer.
Compass Group is the world’s largest foodservice company with annual revenues in excess of GBP7.3bn billion employing over 250,000 people in 80 countries worldwide.
