{"id":487,"date":"2013-04-18T08:31:42","date_gmt":"2013-04-18T03:01:42","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/?p=487"},"modified":"2013-04-18T08:31:42","modified_gmt":"2013-04-18T03:01:42","slug":"quad-c-withdraws-bid-to-buy-cfc-international","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/quad-c-withdraws-bid-to-buy-cfc-international\/","title":{"rendered":"Quad-C withdraws bid to buy CFC International"},"content":{"rendered":"<p>Deal financing falls through<\/p>\n<p>CHICAGO HEIGHTS, Ill.\u00c2\u00a0&#8212; Specialty coatings supplier CFC International has terminated a buyout agreement that would have taken the company private. (see previous story)<\/p>\n<p>     <!--adsense--><\/p>\n<p>CFC said the $75 million deal was ended after a financial backer of Quad-C Management, a private equity firm that was to acquire the company\u00e2\u20ac\u2122s stock, backed out of the arrangement.<\/p>\n<p>The company said Quad-C was unable to secure alternate financing, and the two sides agreed to terminate the deal and pay their own expenses.<br \/>\n<!--more--><\/p>\n<p>The financial backer withdrew its support after Visa International told credit card manufacturers to stop issuing Visa cards containing a holographic magnetic stripe produced by CFC, the company said. Visa told the company that static electricity from a small number of the cards had caused card-readers to work improperly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deal financing falls through CHICAGO HEIGHTS, Ill.\u00c2\u00a0&#8212; Specialty coatings supplier CFC International has terminated a buyout agreement that would have taken the company private. (see previous story) CFC said the $75 million deal was ended after a financial backer of Quad-C Management, a private equity firm that was to acquire the company\u00e2\u20ac\u2122s stock, backed out [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-487","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=487"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/487\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}