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’s stockholders, other than Mr. Gallagher and certain related parties, will receive $0.31 per share in cash for each share of the company’s common stock they hold, representing a premium of approximately 47.6 percent over the company’s closing share price of $0.21 on June 12, 2009, the last completed trading day prior to the public announcement of Mr. Gallagher’s offer to acquire all of the company’s outstanding shares.
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