NEW YORK, Nov. 28, 2011 /PRNewswire/ -- M & F Worldwide
Corp. (NYSE: MFW) ("MFW") has called a special meeting of its
stockholders for December 21, 2011 to
consider and vote upon the proposal to adopt the previously
announced merger agreement under which a subsidiary of MacAndrews
& Forbes Holdings Inc. ("MacAndrews & Forbes") will be
merged with MFW and all outstanding shares of MFW common stock not
owned by MacAndrews & Forbes will be converted into the right
to receive $25 in cash per share.
MacAndrews & Forbes currently owns approximately 43% of the
outstanding shares of MFW common stock.
MFW stockholders of record at the close of business on
November 14, 2011, will be entitled
to notice of the special meeting and to vote on the proposal.
A proxy statement relating to the special meeting was mailed
to MFW stockholders on or about November 21,
2011. The special meeting will be held at 10:00 a.m. Eastern Time, at Skadden, Arps, Slate,
Meagher & Flom LLP, Four Times Square, New York, NY 10036.
Additional Information and Where to Find It
This press release is neither a solicitation of a proxy nor an
offer to purchase or a solicitation of an offer to sell shares of
MFW common stock, and is not a substitute for any proxy statement
or other filing that has been or may be made with the SEC in
connection with the transaction. In connection with the
transaction, MFW has filed a definitive proxy statement and other
relevant materials with the SEC, and MFW and certain other persons,
including MacAndrews & Forbes, have filed a Schedule 13E-3
transaction statement with the SEC. MFW stockholders are
strongly advised to read such materials because they contain
important information about the transaction. These documents
are available at no charge on the SEC's website at www.sec.gov.
MFW and its directors, executive officers and other members of
its management and employees may be deemed to be participants in
the solicitation of proxies from its stockholders in connection
with the transaction. Information regarding the interests of
participants in the solicitation, which may be different than those
of MFW's stockholders generally, is included in the definitive
proxy statement relating to the transaction.
Cautionary Statement
Statements in this press release that represent intentions,
plans, expectations or beliefs, including with respect to the
timing and completion of the merger, are "forward-looking
statements" within the meaning of the federal securities laws.
MFW cautions against placing undue reliance on such
statements, as they involve risks and uncertainties, many of which
are beyond MFW's control, that could cause actual events to differ
materially from the events described in this press release,
including risks or uncertainties related to whether the conditions
to the merger will be satisfied and the absence of events that
could give rise to the termination of the merger agreement, as well
as other factors described in the proxy statement and other filings
made with the SEC in connection with the transaction.
Any forward-looking statements speak only as of the date of this
press release and MFW does not undertake any obligation to publicly
revise any such statements to reflect events or circumstances that
arise after the date of this press release.
About M & F Worldwide Corp.
MFW has four business segments, which are operated by its
subsidiaries Harland Clarke, Harland
Financial Solutions, Scantron and Mafco Worldwide. Harland Clarke is a provider of checks and
related products, direct marketing services and customized business
and home office products. Harland Financial Solutions provides
technology products and related services to financial institutions.
Scantron is a provider of data management solutions and related
services to educational, healthcare, commercial and governmental
entities worldwide including testing and assessment solutions,
patient information collection and tracking, and survey services.
Mafco Worldwide produces licorice products for sale to the tobacco,
food, pharmaceutical and confectionery industries.
SOURCE M & F Worldwide Corp.