4//SEC Filing
INTERNATIONAL TEXTILE GROUP INC 4
Accession 0001437749-16-040350
CIK 0000918964operating
Filed
Oct 25, 8:00 PM ET
Accepted
Oct 26, 5:05 PM ET
Size
5.5 KB
Accession
0001437749-16-040350
Insider Transaction Report
Form 4
GABRIEL SAMIR M
VP Finance
Transactions
- Disposition to Issuer
Common Stock
2016-10-24$0.55/sh−10,853$5,969→ 0 total
Footnotes (1)
- [F1]Disposed of pursuant to Agreement and Plan of Merger (the "Agreement"), dated as of October 24, 2016, among International Textile Group, Inc. (the "Company"), Project Ivory Acquisition LLC ("Parent"), and Project Ivory Acquisition Corporation ("Merger Sub"), pursuant to which Merger Sub merged with and into the Company, with the Company continuing as a wholly-owned subsidiary of Parent (the "Merger"). Pursuant to the Agreement, at the effective time of the Merger, each share of the Company's common stock issued and outstanding immediately prior thereto (other than shares held in treasury by the Company or owned by the Company's subsidiaries, or by Parent, Merger Sub or any of their respective affiliates, which shares were cancelled without payment of any consideration) was cancelled and converted into the right to receive $0.55 in cash, without interest. The disposition was exempt from Section 16(b) of the Securities Exchange Act of 1934 pursuant to Rule 16b-3 promulgated thereunder.
Documents
Issuer
INTERNATIONAL TEXTILE GROUP INC
CIK 0000918964
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000918964
Filing Metadata
- Form type
- 4
- Filed
- Oct 25, 8:00 PM ET
- Accepted
- Oct 26, 5:05 PM ET
- Size
- 5.5 KB