Wellco acquired by Golden Gate Capital & Integrity Brands

29 May '07

1 min read

Wellco Enterprises Inc announced the completion of its previously announced acquisition by Golden Gate Capital, a San Francisco-based private equity investment firm with over $3.4 billion of capital under management, and Integrity Brands, a Boston-based boutique investment firm focused on the consumer brands and specialty retail industries.

Golden Gate Capital and Integrity Brands, through Wellco Boot Holdings Inc (f/k/a Wasatch Boot Holdings Inc), acquired Wellco in an all-cash merger transaction valued at $14.00 per share.

In connection with the merger, Wellco's common shares will be delisted from AMEX, and each issued and outstanding share of Wellco's common stock has been converted into the right to receive $14.00 in cash.

Mellon Investor Service, LLC will act as the payment agent for the acquisition and will send the $14.00 per share merger consideration to Wellco shareholders who have completed and returned the necessary documentation.

Wellco Enterprises Inc

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