Brief: Braden M Leonard Says On June 26, Sent Acquisition Proposal To Astrotech Corp

Astrotech

26/06/2023 22:22

June 26 (Reuters) - 
  
    * BRADEN M LEONARD -  ON JUNE 26, SENT ACQUISITION PROPOSAL
TO
ASTROTECH CORP
    * BRADEN M LEONARD -  PROPOSAL OUTLINING PRINCIPAL TERMS ON
WHICH
IT WOULD ACQUIRE ALL OF OUTSTANDING COMMON STOCK OF ASTROTECH
CORP
    * BRADEN M LEONARD - SUBMIT NON-BINDING PROPOSAL TO ACQUIRE
100%
OF EQUITY OF ASTROTECH CORP FOR $17.25 PER SHARE IN CASH
    * BRADEN M LEONARD-PROPOSAL IS SUBJECT TO LIMITED
CONFIRMATORY DUE
DILIGENCE & IS BASED ON ASTROTECH HAVING AT LEAST $35 MILLION OF
CASH,CASH EQUIVALENTS AT CLOSING
    * BRADEN M LEONARD- PROPOSAL IS NOT SUBJECT TO ANY FINANCING
CONTINGENCY, HAVE FUNDS READILY AVAILABLE TO CLOSE TRANSACTION
WITH ASTROTECH
    * BRADEN M LEONARD- BML INVESTMENT PARTNERS, L.P. OWNS 13%
OF THE
SHARES OF ASTROTECH AS OF JUNE 26, 2023
    * BRADEN M LEONARD-  BELIEVE THAT ASTROTECH'S SHARES ARE
SIGNIFICANTLY UNDERVALUED
    * BRADEN M LEONARD-   ON BEHALF OF BML CAPITAL MANAGEMENT,
LLC AND
BML INVESTMENT PARTNERS, L.P SUBMITS ACQUISITION PROPOSAL TO
ASTROTECH

Source text for Eikon:  ID: 
Further company coverage:  ASTC.O 

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