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Deposition Sciences Inc. - Difficult Coatings - LB - 8/23

Polaroid Acquired for $426 Million

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WALTHAM, Mass., and MINNEAPOLIS, Minn., Jan. 10 -- Polaroid Holding Co. and Petters Group Worldwide announced Friday they have reached an agreement for Petters, through an affiliate, to acquire Polaroid, by merger, for $12.08 per share in cash. The total value of the transaction is approximately $426 million. Following the merger, Polaroid will become a wholly owned subsidiary of Petters, and Polaroid Holding Co. will no longer be a publicly traded company. Polaroid's board unanimously approved the merger agreement. In connection with the transaction, JPMorgan and Lehman Brothers delivered...Read full article

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    Published: January 2005
    CommunicationsConsumer BrandsNews & FeaturesPettersPetters Group WorldwidePolaroidPolaroid Holdingthrough an affiliate

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