Industry News | November 7, 2000
Taco Cabana Shareholders to Discuss Merger
The purpose of the special meeting is to consider and vote upon a proposal to approve the Agreement and Plan of Merger between Taco Cabana Inc. and Carrols Corporation. Holders of Taco Cabana shares at the close of business, 5:00 p.m. Eastern Standard Time, on Wednesday, Nov. 8, 2000, are entitled to attend and vote at the meeting.
On Oct. 6, 2000, Taco Cabana and Carrols Corporation jointly announced that they had entered into a definitive Agreement and Plan of Merger under which Carrols Corporation would purchase, for cash, all of the outstanding shares of Taco Cabana Inc. at a price of $9.04 per share.
Taco Cabana shareholders will receive a proxy statement and information regarding the merger prior to the special meeting. The proxy statement is expected to be mailed to shareholders on or about Nov. 15, 2000.
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