The L.S. Starrett Company Enters Into a Merger Agreement With MiddleGround Capital to Become Private Company
L.S. Starrett Company (The) (SCX)
US:NYSE Investor Relations:
starrett.com/about/investor-relations
Company Research
Source: Business Wire
Starrett shareholders will receive $16.19 per share in transaction ATHOL, Mass.--(BUSINESS WIRE)--The L.S. Starrett Company (“Starrett” or the “Company”) (NYSE: SCX) today announced that it has entered into a definitive merger agreement in a go-private transaction with an affiliate of MiddleGround Capital (“MiddleGround”) in an all-cash transaction for $16.19 per share. The purchase price represents an approximately 63% premium to the closing stock price of the Company’s stock on March 8, 2024, the last trading day prior to announcing the transaction.“We are pleased to reach this agreement with MiddleGround, which provides a meaningful premium cash value to our shareholders,” said Douglas A. Starrett, Chairman of the Board of Directors, Chief Executive Officer and President. “Following comprehensive outreach to potential parties, our Board of Directors determined that MiddleGround is the right partner for Starrett because of its deep knowledge within the manufacturing industry. As
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News
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- The L.S. Starrett Company (NYSE: SCX) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
SCX
Sec Filings
- 4/29/24 - Form SC
- 4/12/24 - Form DEFM14A
- 4/5/24 - Form SC
- SCX's page on the SEC website