Formica to Merge: Formica Corp. announced that...

Formica to Merge: Formica Corp. announced that it has approved a revised merger agreement with a management-led investor group that will pay about $365 million in cash for the laminated products company. The agreement does not allow Formica to accept offers from other companies. The $19-per-share bid by FM Acquisition Corp. includes the assumption of Formica debt. Formica makes laminated products used in kitchen countertops and tables. FM Acquisition was organized by Formica managers and Dillon Read & Co.