Blue Harbour Group Comments on Yankee Candle Acquisition
25 Octobre 2006 - 6:41PM
PR Newswire (US)
GREENWICH, Conn., Oct. 25 /PRNewswire/ -- Blue Harbour Group, which
owns about 3.8 million shares of Yankee Candle Company Inc.
(NYSE:YCC), or approximately 10% of the Company, today issued the
following statement from its Chief Executive Officer, Clifton S.
Robbins, commenting on Yankee Candle's agreement to be acquired for
$34.75 per share in cash: "Blue Harbour has been working with
Yankee Candle's management for the past year on alternatives to
create and unlock value. This agreement recognizes that Yankee
Candle is an excellent company with strong cash flows and growth
prospects. We applaud Yankee Candle's board on today's very
positive development for shareholders." Blue Harbour Group, which
has in excess of $1 billion in capital, was formed in 2004 to
pursue a private equity approach to public markets by acting as a
lead minority investor, working cooperatively with managements and
boards to create and unlock shareholder value. CONTACT: Adam Weiner
(212) 521-4800 DATASOURCE: Blue Harbour Group CONTACT: Adam Weiner,
+1-212-521-4800
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