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Angelica shareholders say 'yes' to merger
By Lisa Kerner
Charlotte, N.C., July 29 - Angelica Corp. said its shareholders approved Angelica's merger agreement with a company formed by Lehman Brothers Merchant Banking.
More than 99% of the shares voted were cast in favor of the transaction, a company news release stated.
On May 22, Angelica agreed to be taken private for $22 per share in cash.
Angelica is a Chesterfield, Mo.-based textile rental and linen management services company.
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