An announcement from LS Starrett Company (SCX) is now available.
The L.S. Starrett Company is set to become a subsidiary of Uhu Inc., an affiliate of MiddleGround Capital, following a definitive Merger Agreement. Shareholders of Starrett’s common stock are poised to receive $16.19 per share in cash, with the transaction subject to customary conditions and approvals. This deal promises to reshape the company’s future, offering shareholders a cash-out option and signaling a significant shift in the company’s trajectory within the financial markets.
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