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home / articles / SCX - Why Machinery Manufacturer L.S. Starrett Shares Are Rocketing Premarket Monday | Benzinga

SCX - Why Machinery Manufacturer L.S. Starrett Shares Are Rocketing Premarket Monday | Benzinga

L.S. Starrett Company

The L.S. Starrett Company (NYSE:SCX) shares are rocketing after it penned a definitive merger deal in a go-private transaction with an affiliate of MiddleGround Capital in an all-cash transaction for $16.19 per share. 

The acquisition price represents a 63% premium to the closing stock price on March 8, 2024, the last trading day before announcing the transaction.

Douglas A. Starrett, ...

Full story available on Benzinga.com
Stock Information
Company Name: L.S. Starrett Company
Stock Symbol: SCX
Market: NYSE
Website: starrett.com
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