AR-News: US - Management offers to buy out Gardenburger

[Orville A Knudsen]

Management offers to buy out Gardenburger
http://www.katu.com/news/story.asp?ID=59999

QUOTE:

PORTLAND - Portland-based Gardenburger Incorporated has received a
management offer to take the vegetarian patty maker private for about $4.5
million.

Pattico Incorporated is a newly formed firm run by Gardenburger CEO Scott
Wallace and other management members.

The group offered 50 cents for each Gardenburger share -- an 11 percent
premium to the shares' closing price of 45 cents Monday.

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