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Stock Market & Financial Investment News

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December 19, 2012
05:05 EDTVPGVishay Precision to acquire George Kelk Corporation for C$50M
Vishay Precision Group announced the signing of a definitive agreement to acquire the assets of George Kelk Corporation, of Toronto Canada, a privately held company. The acquisition is expected to close by January 31, 2013, subject to the satisfaction of customary conditions. The purchase price for this business is approximately C$50M, subject to customary post-closing adjustments. VPG will finance the acquisition through a combination of cash on hand and third party borrowings.
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