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Denali Announces Revisions to Proposed Investment

  • Tuesday, 18th July 2000
  • Reading time: less than a minute

Denali Incorporated announced on Wednesday that it has entered into a revised letter of intent with William Blair Mezzanine Capital Partners relating to an investment by Blair in the Company. Under the new proposal, Blair will invest a total of $23 million in the Company. The Company expects to hold a special stockholders meeting in mid-September to approve the proposed investment. Denali Incorporated is a global provider of fluid handling products specializing in corrosion-resistant applications in processindustries such as: chemical, power, pulp and paper, petroleum equipment and water/wastewater. The Company manufactures engineered fiberglass-composite tanks, vessels and piping systems, as well as steel, above ground storage tanks.

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