Integra’s managers suggest the merger with the company they formed
Edited by Rhod Mackenzie / 2014-03-27 11:48:12
Several managers of Integra oil service company holding 30% in the total suggest the merger with the structure they formed and are ready to buy out Integra’s stock with 33% premium to the market. They are ready to pay $10 per equal share of Integra, and $20 per GDR. Thus, Integra is valued by $89.7 million. Integra’s Board of Directors has formed the independent committee where they member only the directors not related with the buying company. They will discuss the suggested clauses.
