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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.910-0.3%3:01 PM EST
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To: richardred who wrote (6990)5/15/2024 8:36:28 PM
From: richardred1 Recommendation

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E_K_S

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Bullseye- They found a buyer for a big premium. :+ )

This is my second biggest holding. 13.40 cash offer
TSR, Inc. Shareholders to Receive Total Cash Consideration of $13.40 per share

INDIANAPOLIS & HAUPPAUGE, N.Y., May 15, 2024--( BUSINESS WIRE)--Vienna Parent Corporation, a newly formed special purpose entity ("Vienna Parent") formed by Justin Christian, announced today that it has entered into a definitive agreement to acquire TSR, Inc. ("TSR") (NASDAQ: TSRI). Under the terms of the agreement, Vienna Acquisition Corporation, an affiliate and wholly-owned subsidiary of Vienna Parent ("Vienna Sub"), will commence a tender offer to purchase all of the outstanding shares of TSR for $13.40 per share, representing an equity value of approximately $29 million. The total consideration payable to TSR’s shareholders represents a 73.8% premium to TSR’s closing price on May 14, 2024.

finance.yahoo.com
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