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C & D Technologies Acquired by an Affiliate of Angelo, Gordon & Co.

Mon, 01/16/2012 - 11:20am
PowerPulse.net

C&D Technologies, Inc. announced that effective on January 13, 2012 and pursuant to the previously announced Agreement and Plan of Merger, dated as of October 3, 2011, by and among C&D and certain affiliates of Angelo, Gordon & Co., Angel Acquisition Corp. was merged with and into C&D, with C&D continuing as the surviving corporation. As a result of the merger, each share of C&D common stock not owned by Angelo, Gordon & Co. or its affiliates was cancelled and automatically converted into the right to receive $9.75 in cash and C&D is now a wholly owned subsidiary of Angel Holdings LLC, an affiliate of Angelo, Gordon & Co. C&D’s common stock will no longer be publicly traded on the over the counter market.

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