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NHBR: Presstek merger details revealed in proxy
Presstek Inc.'s top three executives could be paid a total of $3.2 million in severance if the proposed sale of the printing equipment manufacturer to the American Industrial Partners (AIP) private equity firm is completed, according to the preliminary version of a proxy that will eventually be sent to shareholders for their approval. The 50-cent-a-share deal - with an equity value of $18.7 million -- would mean the end of Presstek as a public company, but neither the merger agreement nor the proxy spells out what will happen to the workforce at the Greenwich, Conn.-based company's biggest facility in Hudson, N.H.
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READER COMMENTS: 0Press Releases
Actors Sally Nutt and C.R. Marchi rehearse for ACT ONE's June production of MAKE SURE IT'S ME
READER COMMENTS: 0Tickets are now on sale for ACT ONE's world premiere production of Kate Wenner's MAKE SURE IT'S ME, a powerful drama about Traumatic Brain Injury (TBI) in the military, coming this June to the West...
Learn to Operate a Steam Locomotive This Summer at New Hampshire's Loon Mountain Resort
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