Pandick was acquired after a rival bid failed.
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The financial printing company said a buyout group led by Pandick executives had successfully completed a $250-million tender offer for control of the firm after a rival bidder dropped out. Charles Young, the financial printing unit of Service Resources Corp., withdrew a competing $276-million bid after a Delaware Chancery Court refused Young’s request to block the management buyout group. Young’s offer, made last week, would have merged Pandick with Young and created the nation’s largest financial printing concern, with upward of 45% of the estimated $800-million market.
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