Skadden Reps EGI In $126M Rewards Network Deal

Law360, New York (October 28, 2010, 3:39 PM EDT) -- EGI Acquisition LLC, an affiliate of private investment firm Equity Group Investments LLC, plans to acquire dining rewards business Rewards Network Inc. for $126 million.

The two companies announced the deal Thursday in a joint press release. Under the terms of the arrangement, EGI will offer to acquire all shares of Rewards Network common stock that it doesn't already own for $13.75 per share in cash.

That price represents a 39 percent premium over the closing prices of Rewards Network stock on June 8, the day...
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