Kahiki Foods completes merger
June 26, 2007
by FoodBusinessNews.net Staff
GAHANNA, OHIO — Kahiki Foods, Inc. has completed its merger with GTG Foods, Inc. a subsidiary of Delabarta, Inc.
The merger was approved at a special shareholders meeting, and merger documents have been filed with the state of Ohio. Delabarta is a subsidiary of Abarta, Inc.
Kahiki will continue as the surviving corporation as well as continue its operations as a privately-held company and subsidiary of Delabarta Inc. Outstanding preferred shares were converted into the right to receive $3.288 in cash, and outstanding common shares were converted into the right to receive $2.163 in cash.