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Stock Market & Financial Investment News

News Breaks
August 20, 2014
09:22 EDTESYSElecsys expands production facility
Elecsys announced a planned expansion to its Olathe, Kansas production facility. The project will expand the company's production facility by over 40% to a total of 85,000 sq ft. and should provide additional capacity to accommodate the projected growth of the company's business over the next several years. The facility expansion will be constructed by Miller Stauch Construction who anticipates completion of the additional space in Summer 2015. Elecsys worked with the City of Olathe and has been approved for both Industrial Revenue Bonds and a tax abatement to develop the project.
News For ESYS From The Last 14 Days
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January 23, 2015
07:02 EDTESYSLindsay Corp. comples acquisition of Elecsys
Lindsay Corporation (LNN) announced the completion of its acquisition of Elecsys Corporation (ESYS), a provider of machine-to-machine technology solutions and custom electronic systems. Elecsys shareholders will receive $17.50 per share in cash for each share of common stock they owned as of the effective time of the merger, without interest and less any applicable withholding taxes. The agreement was announced on November 4, 2014 and approved at a special meeting of Elecsys stockholders held on January 22, 2015 by over 99% of shares voted. Headquartered in Olathe, KS, Elecsys will continue to be operated by its current management team. As a result of the merger, the common stock of Elecsys will no longer be listed for trading on the NASDAQ exchange as of January 23.

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