LINCOLN SNACKS COMPANY NOTICE TO STOCK OPTION HOLDERS August 24, 2001Merger Agreement • August 6th, 2001 • Lincoln Snacks Co • Sugar & confectionery products
Lincoln Snacks Company has entered into an Agreement and Plan of Merger dated as of August 2, 2001 (the “Merger Agreement”) with its majority stockholder, Brynwood Partners III L.P. and Lincoln Snacks Acquisition Corp., a wholly owned subsidiary of Brynwood. The Merger Agreement provides that, at the effective time of the merger (the “Merger”) of Lincoln Snacks Acquisition Corp. into Lincoln Snacks, each outstanding share of common stock of Lincoln Snacks (other than shares owned by stockholders who have exercised appraisal rights under Delaware law and other than Brynwood) would be converted into the right to receive $3.50 in cash. Thereafter, Lincoln Snacks would be a wholly owned subsidiary of Brynwood.
