UPDATE: CSC ServiceWorks to Buy Mac-Gray for $21.25/Share
October 15, 2013 at 08:10 AM EDT
CSC ServiceWorks, Inc. ("CSC") and Mac-Gray Corporation (NYSE: TUC ) ("Mac-Gray" or the "Company") today announced that they have entered into a definitive agreement and plan of merger that provides for the merger of Mac-Gray with CSC Fenway, Inc., a wholly-owned subsidiary of Spin Holdco Inc., which is a wholly-owned subsidiary of CSC. Pursuant