# 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.

- Type: Acquisition
- Announced: 2018-02-13
- Where: Horseheads, New York, United States, United States
- Value: $245.0M
- Status: announced
- Products: precision lathes, grinding machines, metal-cutting solutions
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Privet Fund Management](https://endata.com/companies/18271.md) (acquirer)
- [Hardinge](https://endata.com/companies/18272.md) (target)

## Sources

- [stargazette.com](https://www.stargazette.com/story/news/2018/02/13/horseheads-manufacturer-hardinge-inc-has-new-owner/333132002/), 2018-02-13: "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."
- [metalworkingnews.info](https://metalworkingnews.info/hardinge-inc-to-be-acquired-by-privet-fund-management/), 2018-03-09: "The transaction provides significant value and liquidity for our shareholders, as well as continuity and opportunities for future growth for our employees."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.