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August 4, 2008
Angelica Corp. Shareholders Vote to Approve Merger

ST. LOUIS — Angelica Corp.’s shareholders have approved a merger agreement between Angelica and a company formed by Lehman Brothers Merchant Banking. The merger agreement was approved at a special meeting of shareholders of Angelica’s outstanding shares of common stock, with more than 99% of the shares voted cast in favor of the transaction.

June 30, 2008
Angelica Sale Clears Antitrust Review; Shareholders Up Next

WASHINGTON — Federal antitrust regulators have cleared the sale of textile rental and healthcare linen management services provider Angelica Corp. to a Lehman Brothers affiliate for $22 per share in cash.

June 9, 2008
Lehman Brothers Affiliate to Purchase Angelica Corp.

ST. LOUIS — A Lehman Brothers affiliate is poised to buy Angelica Corp., which provides textile rental and linen management services to U.S. healthcare clients, for $22 per share in cash.

Angelica’s board of directors unanimously approved the merger agreement with Clothesline Holdings and Clothesline Acquisition Corp. on May 22. It’s subject to shareholder approval and antitrust clearance, and is expected to close in late summer.