SLI to Acquire AULT for $2.90/Sh
Tweet Send to a Friend
Ault Incorporated (Nasdaq: AULT) signed a definitive merger agreement with SL Industries, Inc. (AMEX: 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 addition, SL Industries will cash out Ault stock options with an exercise price of less than $2.90 per share and all other outstanding options will be canceled. Following the merger, Ault will become a wholly owned subsidiary of SL Industries.
You May Also Be Interested In
- UPDATE: Bausch & Lomb near deal to sell to Valeant Pharmaceuticals (VRX) - WSJ
- KKR & Co. Might Push for Neiman Marcus, Saks (SKS) Merger
- rue21 (RUE) Will be Acquired by Apax Partners for $42/Share
Create E-mail Alert Related Categories
Mergers and Acquisitions
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
