Hardinge Inc. (NASDAQ: HDNG) (“Hardinge”) today advised its shareholders to defer taking any action in response to a tender offer by Industrias Romi S.A. (Bovespa: ROMI3) (“Romi”) offering to acquire all of the outstanding shares of Hardinge for $8.00 per share in cash.

On February 18, 2010, Hardinge’s Board rejected Romi’s proposal at the same price.

Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, the Board will review the tender offer and make a recommendation to shareholders within 10 business days. The Company will send to its shareholders a solicitation/recommendation statement describing the reasons for the Board’s position and recommendation. Shareholders are urged to read the solicitation/recommendation statement when it becomes available because it will contain important information.

Jefferies & Company, Inc. is acting as financial advisor to Hardinge and Wachtell, Lipton, Rosen & Katz is providing legal advice. Questions and requests for assistance regarding the tender offer may be directed to Hardinge’s Information Agent, Okapi Partners LLC, toll-free at (877) 279-2311.

About Hardinge Inc.

Hardinge is a global designer, manufacturer and distributor of machine tools, specializing in SUPER PRECISION™ and precision CNC Lathes, high performance Machining Centers, high-end cylindrical and jig Grinding Machines, and technologically advanced Workholding & Rotary Products. The Company’s products are distributed to most of the industrialized markets around the world with approximately 68% of the 2009 sales outside of North America. Hardinge has a very diverse international customer base and serves a wide variety of end-user markets. This customer base includes metalworking manufacturers which make parts for a variety of industries, as well as a wide range of end users in the aerospace, agricultural, transportation, basic consumer goods, communications and electronics, construction, defense, energy, pharmaceutical and medical equipment, and recreation industries, among others. The Company has manufacturing operations in the United States, Switzerland, Taiwan, and China. Hardinge’s common stock trades on NASDAQ Global Select Market under the symbol, “HDNG.” For more information, please visit http://www.hardinge.com.

Hardinge Inc. (delisted) (NASDAQ:HDNG)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Hardinge Inc. (delisted).
Hardinge Inc. (delisted) (NASDAQ:HDNG)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Hardinge Inc. (delisted).