Cemtrex Announces Exchange Offer to Acquire Key Tronic Corp.
Cemtrex Inc. (CETX)
Last cemtrex inc. earnings: 8/19 05:03 pm
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Source: GlobeNewswire
Farmingdale, NY, Sept. 05, 2017 (GLOBE NEWSWIRE) -- Cemtrex, Inc. (Nasdaq: CETX) today announced an exchange offer to acquire Key Tronic Corporation (Nasdaq: KTCC) by offering to exchange each outstanding share of common stock of Key Tronic for one share of Cemtrex common stock. The purpose of the offer is for Cemtrex to acquire control of, and ultimately the entire interest in, Key Tronic. This exchange offer is the first step in Cemtrex’s plan to acquire all of the outstanding shares of Key Tronic, which may not be completed through this offering and may be accomplished through one or more transactions following this offering. The complete terms and conditions of the exchange offer are set forth in the registration statement on Form S-4, which includes a letter from Cemtrex’s Chairman and Chief Executive Officer to Key Tronic shareholders, and the other offering documents filed by Cemtrex today with the Securities and Exchange Commission. Reasons for the Offer While Cemtrex
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