Zareba Systems, Inc. (NASDAQ: ZRBA) has signed a definitive agreement to merge with a subsidiary of Woodstream Corporation. Woodstream is majority owned by private equity firms Brockway Moran & Partners, Inc. and Code Hennessy & Simmons LLC.
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Pursuant to the agreement, a subsidiary of Woodstream will merge with and into Zareba. Zareba will than become a wholly owned subsidiary of Woodstream. Shareholders of Zareba will receive $9.00 in cash for each outstanding share of Zareba common stock. The price represents a premium of about 100% over the closing price over the closing price of Zareba stock on January 11, 2010.
About Woodstream Corporation
Woodstream Corporation, a Pennsylvania corporation since 1902, is a designer, manufacturer and marketer of a broad range of branded consumer products with facilities in Canada, Colorado, Missouri, Pennsylvania, Tennessee and China.
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