Hirsch International Corp. Signs Merger Agreement to be Acquired by Paul Gallagher
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Under the terms of the merger agreement, the company (acting under the direction of the Special Committee) may solicit acquisition proposals from third parties for 20 days following the signing of the merger agreement. The Special Committee, with the assistance of its independent advisors, intends to solicit acquisition proposals during this period. There can be no assurances that the solicitation of acquisition proposals will result in an alternative transaction. The company does not intend to disclose developments with respect to this solicitation process unless and until the Special Committee has made a decision with respect to the alternative proposals it receives, if any.
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