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Article: Ault Incorporated Announces Signing of Definitive Merger Agreement with SL Industries and Restatement of Financial Results; SL to Commence Tender Offer at $2.90 per Share in Cash.
- Article from:
- Business Wire
- Article date:
- December 19, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- Company Also Announces Restatement of Financial Results Following Continued Investigation and Remediation of Financial Controls at Its China Operations
Ault Incorporated (Nasdaq:AULT) announced today that it has signed a definitive merger agreement with SL Industries, Inc. (AMEX & PHLX:SLI). Under the terms of the agreement, a wholly owned subsidiary of SL Industries will commence a cash tender offer to acquire all of Ault's outstanding shares of common stock. Upon completion of the tender offer, SL Industries will effect a merger between this subsidiary and Ault in which the remaining Ault shareholders will receive $2.90 per share in cash. In ...
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Article: George R. Hornig Resigns From SL Industries' Board ...
Business Wire;
March 12, 2001 ;
557 words
... ... BUSINESS WIRE)--March 12, 2001 SL Industries Inc. (NYSE:SL) (PHLX:SL) today ... board of directors. In February, SL Industries retained CSFB to assist it in evaluating ... inappropriate to continue serving on SL Industries' board. Hornig said, "I have greatly ...
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