 |
Methode Electronics, Inc. (NASDAQ: METH), a component manufacturer with a market value of $475 million, formed a special board committee to consider the repurchase of its Class B shares |
|
TM Capital was retained by the committee and assisted in reaching an agreement to repurchase the Class B shares, which comprise 3% of outstanding shares but elect 75% of the board of directors |
|
Dura Automotive Systems, Inc. (NASDAQ: DRRA) launched a challenging tender offer to acquire the Class B shares |
|
A revised agreement was then reached whereby Methode repurchased all Class B shares at an average price of $23 per share, or $25 million in aggregate; Dura's tender offer was terminated thereafter |
|
TM Capital provided fairness opinions to the special committee in connection with the repurchase and the Dura offer |
New Enterprise Acquires Stabler
Climax Acquired by DeltaPoint Capital
GPX Merger and Equity Recap
GPX International Tire Acquires MITL
Omega Completes Share Repurchase
Howard P. Fairfield Completes Sale
Heywood Williams Sells Creation to Dura
Hypertherm, Inc. Establishes ESOP
Methode Completes Recapitalization
DiversiTech Equity Recapitalization
Acquisition of Keystone Screw
Keystone Completes Recapitalization
Thakar Acquires Division of RVM
Thakar Sells Facility to IMCO Recycling
Titan Sells TASCOA to Copperweld
Titan Completes Senior Financing
Recapitalization of Durand Wayland
Cor-Box Acquired by CorrFlex Graphics
Graham Completes Senior Financing
Graham Corporation Adopts Rights Plan
Adage Sells Niagara to Int'l Metals
Precision Specialty Metals Acquired
Stevens Graphics Restructuring
Stevens Graphics Public Offering
Magellan Acquisition Offer Completed
Magellan Petroleum Tender Defense
Jameco Acquired By Watts Industries
G.D Acquires Division of Package Machinery
CCX Completes Pre-Packaged Bankruptcy
Graham Packaging Distributes Equity
Heywood Sells J&B to Federal Process
