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P&F INDUSTRIES, INC. TO BE ACQUIRED BY SHOREVIEW INDUSTRIES FOR $13.00 PER SHARE

Summary by Ground News
P&F Industries, Inc. (NASDAQ: PFIN) announced that it has entered into a definitive agreement to be acquired by ShoreView Industries in an all-cash transaction for $13.00 per share. The purchase price represents an approximately 97% premium to the closing stock price of the Company's stock on October 12, 2023, the last trading day prior to announcing the transaction. The transaction is expected to close in the fourth quarter of 2023.

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P&F INDUSTRIES, INC. TO BE ACQUIRED BY SHOREVIEW INDUSTRIES FOR $13.00 PER SHARE

/PRNewswire/ -- P&F Industries, Inc. ("P&F" or the "Company") (NASDAQ: PFIN) today announced that it has entered into a definitive agreement to be acquired by...

·Chicago, United States
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PR Newswire broke the news in Chicago, United States on Friday, October 13, 2023.
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