Industrial Distribution Group (IDGR) Receives Definitive $12.10 Offer from Luther King Capital
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Industrial Distribution Group, Inc. (Nasdaq: IDGR) today announced that it has received a definitive offer from affiliates of Luther King Capital Management to acquire all outstanding shares of the Company's stock for a price of $12.10 per share in cash to the Company's stockholders, an increase from LKCM's earlier proposed offer of $11.70.
Industrial Distribution Group, Inc. supplies maintenance, repair, operating, and production (MROP) products and services to manufacturers and industrial users in the United States and China. [BCS]
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