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News Breaks | | | | November 9, 2012 | | 15:46 EDT |  | HWG | Hallwood Group announces proposal from HFL to acquire company for $10 a share
The Hallwood Group announced that on November 6 the company received a proposal from Hallwood Financial Limited to acquire all of the outstanding shares of common stock of the company that it does not beneficially own at a cash purchase price of $10.00 per share. Hallwood Financial Limited, a private limited company organized under the laws of the British Virgin Islands, is controlled by the company's CEO and members of his family. Hallwood Financial Limited owns 1,001,575, or 65.7%, of the outstanding shares of the company. | |
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