Ablest Inc. Announces Closing of Merger
08 Junio 2007 - 3:43PM
PR Newswire (US)
TAMPA, Fla., June 8 /PRNewswire/ -- Ablest Inc. (AMEX:AIH)
announced today that it has closed the previously announced merger
with Select Acquisition, Inc., an entity wholly-owned by Koosharem
Corporation. Koosharem is the holding company of SelectRemedy,
which has approximately 280 professional staffing offices
throughout North America, focused on delivering human capital
workforce solutions in various business sectors. The parties today
filed a certificate of merger with the Secretary of State of the
State of Delaware to consummate the Merger upon which Ablest became
a wholly-owned subsidiary of Koosharem. Each outstanding share of
Ablest's common stock has been converted into the right to receive
$11.00 in cash per share (other than those shares held by Ablest,
Koosharem or Select Acquisition, or any of their respective
subsidiaries, and other than those shares with respect to which
appraisal rights are properly exercised). American Stock Transfer
& Trust Company has been appointed the exchange agent for
payment of the merger consideration. Ablest anticipates that the
exchange agent will contact shareholders shortly with instructions
on how to receive payment for their shares. As a result of the
Merger, Ablest will no longer file periodic reports with the
Securities and Exchange Commission and shares of the Company's
common stock will no longer trade on the American Stock Exchange.
DATASOURCE: Ablest Inc. CONTACT: John Horan, Vice President and
Chief Financial Officer of Ablest Inc., +1-813-830-7700 or
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