Why Machinery Manufacturer L.S. Starrett Shares Are Rocketing Premarket Monday
Why Machinery Manufacturer L.S. Starrett Shares Are Rocketing Premarket Monday
The L.S. Starrett Company (NYSE:SCX) shares are rocketing after it penned a definitive merger deal in a go-private transaction with an affiliate of MiddleGround Capital in an all-cash transaction for $16.19 per share.
L.S. Starrett Company（紐約證券交易所代碼：SCX）以每股16.19美元的全現金交易與MiddleGround Capital的子公司簽訂了最終的私有化交易併購協議，股價飛漲。
The acquisition price represents a 63% premium to the closing stock price on March 8, 2024, the last trading day before announcing the transaction.
此次收購價格比2024年3月8日（宣佈交易前的最後一個交易日）的收盤價高出63％。
Douglas A. Starrett, Chairman of the Board of Directors, Chief Executive Officer and President, said, "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."
董事會主席、首席執行官兼總裁道格拉斯·斯塔雷特表示：“經過與潛在各方的全面接觸，我們董事會認定MiddleGround是施泰瑞的合適合作伙伴，因爲它在製造行業擁有深厚的知識。”
"As a private company, the Company will have additional financial and operational flexibility to continue providing industry-leading service and products to our customers across our markets and maintaining Starrett's proud tradition among its employees, communities and other stakeholders."
“作爲一傢俬營公司，公司將擁有額外的財務和運營靈活性，以繼續爲我們的市場客戶提供行業領先的服務和產品，並保持Starrett在其員工、社區和其他利益相關者中的驕人傳統。”
The transaction is expected to close in mid-2024, subject to approval by Starrett's shareholders and other customary closing conditions.
該交易預計將於2024年中期完成，但須獲得Starrett股東的批准和其他慣例成交條件。
After the deal is closed, Starrett will become a wholly owned subsidiary of MiddleGround and will no longer be listed in any public market.
交易完成後，Starrett將成爲MiddleGround的全資子公司，並且將不再在任何公開市場上市。
Price Action: SCX shares are up 59.2% at $15.79 premarket on the last check Monday.
價格走勢：在週一的最後一次支票中，SCX股價上漲59.2％，至盤前15.79美元。
譯文內容由第三人軟體翻譯。