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Article Excerpt
MT. KISCO, N.Y., Aug. 4 /PRNewswire/ -- KAGT Acquisition Corp., an affiliate of funds managed by Kohlberg & Co., LLC, announced today that 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, expired at 5 p.m. EDT on August 1, 2003. Shortly thereafter, KAGT Acquisition accepted for payment all shares tendered. Based on information provided by the Depositary, a total of approximately 6,082,365 shares of Applied Graphics (or approximately 60.4% of all outstanding fully diluted (including in-the-money options) shares of Applied Graphics) were validly tendered and not withdrawn pursuant to KAGT Acquisition's cash offer. Such share amount includes approximately 18,473 shares tendered pursuant to guaranteed delivery...
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