NEW YORK, Dec. 21, 2011 /PRNewswire/ -- M & F
Worldwide Corp. (NYSE: MFW) ("MFW") today announced the completion
of its acquisition by MacAndrews & Forbes Holdings Inc.
("MacAndrews & Forbes"), pursuant to a merger of a wholly owned
subsidiary of MacAndrews & Forbes with and into MFW. MFW
announced on September 12, 2011 the
execution of a definitive merger agreement with respect to the
transaction. In the merger, all outstanding shares of MFW
common stock not owned by MacAndrews & Forbes were converted
into the right to receive $25 in cash
per share.
The transaction was approved by MFW's stockholders, including a
majority of its stockholders who are unaffiliated with MacAndrews
& Forbes, on December 21,
2011. In connection with the completion of the transaction,
MFW's common stock will cease to trade on the NYSE and will be
delisted.
About M & F Worldwide Corp.
MFW has four business segments, which are operated by its
subsidiaries Harland Clarke, Harland
Financial Solutions, Scantron and Mafco Worldwide. Harland Clarke is a provider of checks and
related products, direct marketing services and customized business
and home office products. Harland Financial Solutions provides
technology products and related services to financial institutions.
Scantron is a provider of data management solutions and related
services to educational, healthcare, commercial and governmental
entities worldwide, including testing and assessment solutions,
patient information collection and tracking, and survey services.
Mafco Worldwide produces licorice-based products for sale to the
tobacco, food, pharmaceutical and confectionery industries.
About MacAndrews & Forbes Holdings Inc.
MacAndrews & Forbes is a private diversified holding company
with interests in biotechnology, check printing and check related
products and services, consumer products, defense, education,
entertainment, financial services, gaming and other industries.
SOURCE M & F Worldwide Corp.