Home | Business News | Browse by Publication | P | PR Newswire

Grupo Gigante, S.A.B. de C.V. Announces Completion of its Previously Announced Tender Offer and Consent Solicitation and its Acceptance of Tendered Notes.

Publication: PR Newswire
Publication Date: 28-DEC-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MEXICO CITY, Dec. 28 /PRNewswire/ -- Grupo Gigante, S.A.B. de C.V.("Gigante") announced today that its previously announced cash tender offer and consent solicitation for its outstanding $260 million 8.75% Senior Notes due 2016 (the "Notes") expired at 8:00 a.m., New York City time, on December 27, 2007 (the "Expiration Date").

Gigante received tenders from the holders of $237,580,000 aggregate principal amount (or approximately 91.4%) of the outstanding Notes. Gigante accepted for payment all of the Notes tendered prior to the Expiration Date. Settlement for all tendered Notes is expected to...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from PR Newswire
Triple Net Properties Sells Brookhollow Park in San Antonio, Texas., December 29, 2007
The Dallas Morning News Names the Illegal Immigrant as 2007 Texan of t..., December 29, 2007
Marital Status Doesn't Affect Lung Cancer Survival., December 29, 2007
Delaware Investments Global Dividend and Income Fund, Inc. Announces D..., December 28, 2007
Delaware Investments(R) Municipal Income Funds Announce Dividends., December 28, 2007

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.