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Latest Stephen R. Kerrigan Stories

2006-12-04 18:00:31

Coinmach Service Corp. ("Coinmach") (Amex: "DRY", "DRA"), a leading supplier of outsourced laundry equipment services for multi-family housing properties in North America, today reported that Mac-Gray Corporation ("Mac-Gray") (NYSE: "TUC") has summarily rebuffed a merger proposal made by Coinmach. Under Coinmach's proposal Mac-Gray's shareholders would receive between $13.00 and $13.75 per share in cash. Coinmach's proposal represents a premium of between 21% and 28% over the...


Word of the Day
lambent
  • Licking.
  • Hence Running along or over a surface, as if in the act of licking; flowing over or along; lapping or bathing; softly bright; gleaming.
This word comes the Latin 'lambere,' to lick.
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