Brief: Synalloy Corp - Review Of Strategic Alternatives Will Consider All Options, Including A Sale Of All Or Parts Of Company
02/04/2020 22:35
Synalloy Corp SYNL.O :
* SYNALLOY COMMITS TO REVIEW OF STRATEGIC ALTERNATIVES AFTER
MARKET AND GLOBAL HEALTH PANDEMIC STABILIZATION
* SYNALLOY CORP - REVIEW OF STRATEGIC ALTERNATIVES WILL
CONSIDER
ALL OPTIONS, INCLUDING A SALE OF ALL OR PARTS OF COMPANY
* SYNALLOY CORP - ADDITION TO COMMITTING TO A REVIEW OF
STRATEGIC
ALTERNATIVES, BOARD HAS CONTINUED TO ENGAGE WITH ALL
SHAREHOLDERS
* SYNALLOY CORP - CONTINUED TO ENGAGE WITH ALL SHAREHOLDERS,
INCLUDING EFFORTS TO ENGAGE WITH PRIVET AND UPG
* SYNALLOY CORP - SETTLEMENT PROPOSAL INCLUDE OFFERING
PRIVET AND
UPG RIGHT TO DESIGNATE TWO OUT OF EIGHT DIRECTORS ON BOARD
* SYNALLOY CORP - SETTLEMENT PROPOSAL INCLUDE AGREEING TO
NOMINATE
PRIVET/UPG DESIGNEES AT COMPANY'S 2020 AND 2021 ANNUAL MEETINGS
OF SHAREHOLDERS
* SYNALLOY CORP - SETTLEMENT PROPOSAL INCLUDE FIXING BOARD
AT 8
DIRECTORS
* SYNALLOY CORP - SETTLEMENT PROPOSAL INCLUDE GUARANTEEING
THAT
PRIVET/UPG DESIGNEES WILL CONSTITUTE NO LESS THAN 25% OF EVERY
BOARD COMMITTEE
* SYNALLOY CORP - REQUESTED THAT PRIVET AND UPG COMMIT TO
CUSTOMARY STANDSTILL PROVISIONS THROUGH 2021 ANNUAL MEETING OF
SHAREHOLDERS
* SYNALLOY CORP - BOARD HAS NOT HEARD BACK FROM PRIVET OR
UPG ON
RECENT OFFER
* SYNALLOY CORP - REMAINS WILLING TO DISCUSS COLLABORATIVE
SOLUTIONS WITH PRIVET AND UPG, AND IS COMMITTED TO CONSIDERING
ALL OPTIONS
Source text for Eikon: ID:nBw7t6F2ha
Further company coverage: SYNL.O