This article was originally published in The Rose Sheet
Acquires 94% of Dep common stock, the Dusseldorf, Germany-based company announced Aug. 17. Based on a preliminary count, roughly 6.5 mil. shares, including 18,600 guaranteed for delivery, were tendered at $5.25 per share. Under the purchase agreement, the remaining shares will be tendered within two weeks. As a result, Henkel KGaA's wholly owned subsidiary, Henkel Acquisition Corp. II, will merge with Dep Corp. Henkel announced its intent to purchase Dep for $93 mil. July 14 ("The Rose Sheet" July 20, p. 1)...
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