Laundry Facilities Co. Mac-Gray Rejects $250M Buyout Bid

By Alex Ortolani (October 24, 2011, 7:45 PM EDT) -- The board of laundry facilities manager Mac-Gray Corp. has rejected an unsolicited $250 million buyout offer from private equity firm KP Capital LLC, finding the deal would not be in the best interest of shareholders, the target said Monday....

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