Specialty Catalog Set to Go PrivateSpecialty Catalog Corp. said its stockholders approved and adopted a merger agreement to take the company private through a sale to Specialty Acquisition Corp., a corporation formed by several of the company's "substantial" shareholders.
The holders, other than Specialty Acquisition Corp., of Specialty Catalog Corp.'s common stock will receive $3.75 per share in cash immediately before the merger, which is subject to closing conditions including the consummation of financing transactions.
South Easton, MA-based Specialty Catalog is a direct marketer targeting niche consumer product categories through several catalogs. It markets women's wigs and hairpieces through its Paula Young catalogs. The company also offers African-American women wigs, hairpieces, apparel and related products via its Especially Yours catalogs.