Big Flower to Merge With BFH
The merger was originally agreed to in June; under those terms, public stockholders will receive $31.50 a share of Big Flower common stock. The merger is expected to close during fourth quarter 1999.
Big Flower is a direct marketing company that specializes in newspaper advertising inserts, direct mail and other direct marketing services. Evercore Capital Partners was involved in another significant deal this year: the $767 million acquisition of American Media, which publishes tabloids The National Enquirer, Star and Weekly World News.