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KAGT Acquisition Corp. Extends Applied Graphics Tender Offer.

Publication: PR Newswire
Publication Date: 21-JUL-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MT. KISCO, N.Y., July 21 /PRNewswire/ -- KAGT Acquisition Corp., an affiliate of funds managed by Kohlberg & Co., LLC, announced today that it has extended the expiration of its cash tender offer for all outstanding shares of common stock of Applied Graphics Technologies, Inc. at $0.85 per share, net to the seller in cash, from midnight EDT on July 18, 2003 to midnight EDT on July 30, 2003. The extension will enable KAGT Acquisition to consummate its financing arrangements in an orderly fashion and may enable KAGT Acquisition to obtain 90% of Applied Graphics' common stock in the tender offer and to effect a short-form merger following consummation of the tender offer.

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