The all-cash deal will offer all the public shareholders $27.50 per share, a premium of 22% over the stock price before the announcement of the tender offer by the Feldenkreis family. The deal is being financed by a $282 million note from Fortress Credit Advisors, a revolving loan from Wells Fargo and unspecified equity from the Feldenkreis family. Founder George Feldenkreis, who initiated the takeover fight in Feb. and pressured the board to reach a decision by May 29, controlled just over 11% of the stock prior to the transaction. A number of law firms immediately sent out notices that ... Log in to view full article.