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TSR Agrees To Be Acquired By Founder Of BCforward For $13.40 Per Share

Author: Benzinga Newsdesk | May 15, 2024 05:35pm

Under the terms of the agreement, Vienna Acquisition Corporation, an affiliate and wholly-owned subsidiary of Vienna Parent, will commence a tender offer to purchase all of the outstanding shares of TSR for $13.40 per share, representing an equity value of approximately $29 million. The total consideration payable to TSR's shareholders represents a 73.8% premium to TSR's closing price on May 14, 2024.

Posted In: TSRI