Following the transaction, which is tax-free to the stockholders of NCPM
, former NCPM
minority stockholders will own approximately 6.
The NCPM opened in 1999, but suffered below forecast visitor numbers in its first year.
Martin Manning, chairman of NCPM, said: A major criticism of the original NCPM was the lack of live music and we have spent over a year searching for the right partner to help put this right.
NCPM also announced it expects earnings per share, on a diluted basis, to be approximately $0.
NCPM disclaims any intent or obligation to update forward-looking statements contained in this press release.
36187 of a share of NCO common stock for each share of NCPM common stock.
While we will continue to operate NCPM as a separate business unit within NCO Group, we expect that the transaction will allow us to eliminate redundant costs, realize certain operating efficiencies, and refocus the resources associated with operating NCPM as a separate public company into growing the business.
05 to the minority stockholders of NCPM for each share of NCPM common stock, but not more than .
Stockholders of NCPM are urged to read all relevant documents to be filed with the Securities and Exchange Commission as they will contain important information about the proposal.
The proposal is subject to customary terms and conditions, including the execution of a definitive merger agreement, the receipt of all applicable regulatory approvals and the approval of the definitive merger agreement by the boards of directors of both companies and the stockholders of NCPM
35%, or 8,600,289 shares of the outstanding common stock of NCPM
, an increase of 1,252 shares.
has successfully navigated its way through the transition in consumer payment patterns by maintaining strict adherence to its business rules.