USA: Vincor International Inc. commences its tender offer for R.H. Phillips, Inc.

By Company Press Release | 8 September 2000

Vincor International Inc. (VN-TO) and R.H. Phillips, Inc. (RHPS-NASDAQ) jointly announced that Vincor has commenced its cash tender offer for the outstanding common shares of R.H. Phillips. The Vincor offer, at a price of US$7.00 for each R.H. Phillips share, was previously announced by Vincor and R.H. Phillips on August 28, 2000. The offer is open for twenty business days and will expire at midnight, New York City time, on October 4, 2000 unless extended.The Board of Directors of R.H. Phillips has unanimously recommended that R.H. Phillips shareholders tender their shares in the Vincor offer. The directors of R.H. Phillips received the unanimous recommendation in favour of the transaction from a Special Committee of directors. The recommendation of R.H. Phillips' Board is included in R.H. Phillips' Solicitation/Recommendation Statement which has been mailed today to R.H. Phillips shareholders together with Vincor's offer to purchase.Among the factors considered by the Special Committee in recommending the transaction are the following:

just-drinks articles are only available to registered users and members.

Join now for increased access

There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.

If you’re already a member, login here.

Vincor International Inc. (VN-TO) and R.H. Phillips, Inc. (RHPS-NASDAQ) jointly announced that Vincor has commenced its cash tender offer for the outstanding common shares of R.H. Phillips. The Vincor offer, at a price of US$7.00 for each R.H. Phillips share, was previously announced by Vincor and R.H. Phillips on August 28, 2000. The offer is open for twenty business days and will expire at midnight, New York City time, on October 4, 2000 unless extended.The Board of Directors of R.H. Phillips has unanimously recommended that R.H. Phillips shareholders tender their shares in the Vincor offer. The directors of R.H. Phillips received the unanimous recommendation in favour of the transaction from a Special Committee of directors. The recommendation of R.H. Phillips' Board is included in R.H. Phillips' Solicitation/Recommendation Statement which has been mailed today to R.H. Phillips shareholders together with Vincor's offer to purchase.Among the factors considered by the Special Committee in recommending the transaction are the following:

  • Unlimited access to all the latest global beverage news and insight
  • Expert analysis that puts the news into context
  • Exclusive interviews with leading industry figures
  • Monthly management briefings with detailed analysis on hot topics
  • Personalised RSS feeds and email newsletters
  • 10-year archive of news, insight and intelligence
  • Discounts on just-drinks market research
  • Plus much more

If you’re already a member, login here

Not what you were looking for?

Search just-drinks:

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page