ShopKo's special meeting of shareholders to be held on Oct 10
17 Sep '05
2 min read
Quality goods retailer ShopKo Stores Inc announced that its special meeting of shareholders to approve the merger of ShopKo with an affiliate of Goldner Hawn Johnson & Morrison, Incorporated, which was adjourned on September 14, 2005, will be reconvened on October 10, 2005.
ShopKo announced that a supplement to the definitive proxy statement relating to the merger would be mailed soon to describe in more detail the amendments to the merger agreement previously announced on September 9, 2005. Only shareholders of record as of August 1, 2005 will be entitled to vote at the reconvened meeting and will receive the supplemental proxy materials.
As previously disclosed, the amendment to the merger agreement provides, among other things, that each outstanding share of ShopKo's common stock will be converted into the right to receive $25.00 in cash upon completion of the merger. ShopKo currently has approximately 30.2 million shares of common stock outstanding, excluding options.
ShopKo urges shareholders to sign, date and return the white proxy card voting FOR the proposal to approve the merger agreement. Shareholders with any questions regarding the proxy materials should contact ShopKo's proxy solicitor, Georgeson Shareholder Communications, toll free at 1.800.280.7183.
Wisconsin based ShopKo Stores Inc is a retailer of quality goods and services provider. The company with stores located throughout the Midwest, Mountain and Pacific Northwest regions. Retail formats include 140 ShopKo stores, providing quality name-brand merchandise, great values, pharmacy and optical services in mid-sized to larger cities; 219 Pamida stores, 116 of which contain pharmacies, bringing value and convenience close to home in small, rural communities; and three ShopKo Express Rx stores, a new and convenient neighborhood drugstore concept.
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