Todd Shipyards/Vigor Industrial LLC
Todd Shipyards Corp. (NYSE: TOD) announced that they have entered an agreement to be acquired by Vigor Industrial LLC for $22.27 per outstanding share, or $130 million total.
The acquisition will be made via tender offer, which is scheduled to commence no later than December 30, 2010, and will expire on January 28, 2011.
The transaction is expected to close in Q111.
K&L Gates LLP is acting as legal advisor to Vigor. Greensfelder, Hemker & Gale, P.C. is acting as Todd’s legal advisor.
Houlihan Lokey Financial Advisors, Inc. acted as financial advisor to Todd’s Transaction Committee.
The acquisition will be made via tender offer, which is scheduled to commence no later than December 30, 2010, and will expire on January 28, 2011.
The transaction is expected to close in Q111.
K&L Gates LLP is acting as legal advisor to Vigor. Greensfelder, Hemker & Gale, P.C. is acting as Todd’s legal advisor.
Houlihan Lokey Financial Advisors, Inc. acted as financial advisor to Todd’s Transaction Committee.
