Privet Fund Management to acquire Hardinge Inc. for $245M

Hardinge Inc., a manufacturer of metal-cutting solutions, has agreed to be acquired by an affiliate of Privet Fund Management LLC for $18.50 per share, with a total transaction value of approximately $245 million. The deal is expected to close by the end of Q2 2018.

“Horseheads-based manufacturing firm Hardinge Inc., which makes advanced metal-cutting solutions and accessories, announced this week it has reached a merger agreement under which Hardinge will be acquired by an affiliate of Privet Fund Management LLC.”stargazette.com

• 2 sources
• stargazette.comHorseheads manufacturer Hardinge to be sold to new owner.Jeff Murray, Star-GazetteFeb 13, 2018
• metalworkingnews.infoHardinge Inc. to be acquired by Privet Fund Management | Metalworking NewsMar 9, 2018

Summarized from public sources; check the original articles before acting on it.