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Stock Market & Financial Investment News

News Breaks
March 30, 2013
18:59 EDTEDACEDAC announces acquisition proposal from MidOcean affiliate for $18.25 p/s
EDAC Technologies announced that on March 28, MidOcean Partners, through one of its affiliates, publicly announced an unsolicited non-binding proposal to acquire EDAC for $18.25 per share, jointly with a large North American pension plan investment manager. That same day, EDAC's board of directors received a joint letter dated March 27, 2013 from MidOcean Associates SPC and Public Sector Pension Investment Board, or PSP, regarding MidOcean's and PSP's acquisition proposal.
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