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Article Excerpt SALINAS, Calif. -- Pulmuone Cornerstone Corporation ("Purchaser"), a wholly-owned subsidiary of Pulmuone U.S.A., Inc. ("Pulmuone"), announced today the commencement of a tender offer for all outstanding shares of common stock of Monterey Gourmet Foods, Inc. (NASDAQ: PSTA) ("MGF") for $2.70 in cash per share, without interest and less any applicable withholding taxes. The tender offer is being made pursuant to the terms of the Agreement and Plan of Merger, dated as of October 8, 2009, by and among Pulmuone, Purchaser and MGF (the "Merger Agreement").
The tender offer is scheduled to expire at 12:00 midnight, Eastern Time, on Thursday, December 10, 2009, unless the tender offer is extended in accordance with the terms of the Merger Agreement and the applicable rules and regulations of the Securities and Exchange Commission (the "SEC"). Following the completion of the tender offer and, if required, receipt of stockholder approval, Purchaser expects to...
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