Vid dropped this morning by Mr. Pete about Starrett being acquired.
"ATHOL, MA, March 11, 2024 ¨C The L.S. Starrett Company (¡°Starrett¡± or the ¡°Company¡±) (NYSE: SCX) today announced that it has entered into a definitive merger agreement in a go-private transaction with an affiliate of MiddleGround Capital (¡°MiddleGround¡±) in an all-cash transaction for $16.19 per share."
I don't know if it's necessarily as bad as the video makes it out to be.? Could actually be good for the company.? But it seems like tool companies don't have a history of being better after these sorts of transactions.
chrisser