Imperium Partners Group, LLC to Acquire ESS Technology (ESST)
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ESS Technology, Inc. (Nasdaq: ESST) and Imperium Partners Group, LLC announced that they entered into a definitive agreement yesterday under which Imperium will acquire all outstanding shares of ESS Technology for $1.64 per share in cash, representing a 36.67% premium over the closing price of ESS Technology's shares on February 21, 2008. The transaction is anticipated to close in mid-2008, subject to shareholder approval and certain other customary closing conditions.
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