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11 Jun
18:13

Synalloy further builds case to prevent hostile takeover

US specialty steel tubing and chemical producer Synalloy is ramping up its rhetoric ahead of a hostile takeover attempt slated for the company’s annual meeting on 20 June, Kallanish reports.  The takeover- spearheaded by shareholders UPG and Privet, which together own about a quarter of the company - would take the form of electing a controlling slate of directors with the stated goal of ousting current ceo Craig Bram.  UPG and Privet claim that t…
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