Manchester Technologies' Stock Rises After Announcement of Its Acquisition by Manhattan Firm
Long Island Business News › April 29, 2005
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Summary
The bulls cheered Manchester Technologies Inc.'s (Nasdaq: MANC) decision to sell itself to a Manhattan-based buyout firm. The week that Caxton-Iseman Capital Inc. announced it had agreed to buy the plasma display and LCD distributor for about $56 million cash, Manchester's stock rose 33 percent to $6.25.
Barry Steinberg, Manchester's 63-year-old chief executive and majority owner, has agreed to vote his shares in favor of the merger.See the full content of this document
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Manchester Technologies' Stock Rises After Announcement of Its Acquisition by Manhattan Firm
Under the agreement, expected to ...
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