Applica Merger Expedited
Nov 15, 2006
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Electric housewares maker Applica Inc. (Miramar, Florida, U.S.) said the U.S. Federal Trade Commission, on behalf of itself and the Antitrust Division of the U.S. Department of Justice, granted early termination of the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the merger with affiliates of Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund, L.P. under which Harbinger Capital Partners will acquire all outstanding shares of Applica that it does not currently own for $6 per share in cash.

The move essentially clears the way for an expedited merger, although the merger remains subject to shareholder approval.

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