Workflow Management, Palm Beach, Fla., has announced the termination of its President and CEO Gary Ampulski. According to a company press release, Ampulski was suspended last month "pending an investigation of allegations that he violated company policies and board directives." On March 30, Workflow Management will hold a meeting with stockholders to approve and adopt its recently announced acquisition by WF Holdings, which is controlled by Perseus L.L.C. and The Renaissance Group, for $4.87 per share in cash. "We remain committed to completing the previously announced merger with WF Holdings and firmly believe that the transaction is in the best interests of Workflow's stockholders,"
Workflow Management, Palm Beach, Fla., has entered into both a definitive agreement to be acquired by Washington- and New York-based Perseus and The Renaissance Group, Denver, for $4.87 per share in cash, and an amendment and limited waiver to its existing credit facility. It will continue to operate as a provider of end-to-end print solutions throughout North America and Puerto Rico. Subject to the approval of Workflow Management's stockholders and the satisfaction of various closing conditions, the transaction is expected to close no later than April 30th. "The board of directors explored numerous alternatives to address our credit facility obligations that mature in