Lawson Products rises on special merger meeting announcement

Distribution Solutions

14/01/2022 23:23

** Shares of Lawson Products  LAWS.O  up 6.3% at $49.50 in
extended trade
    ** LAWS, which sells and distributes specialty products to
the industrial, commercial, institutional and government
maintenance, says it will hold a special merger meeting on
pending combination of Co and TestEquity and Gexpro Services
    ** LAWS did not disclose date and time of the special
meeting (https://bit.ly/3I5N9pp)
    ** Last month, Lawson and LKCM Headwater Investments, the
private investment arm of Luther King Capital Management Corp,
announced merger deals 
    ** Under the deal, Lawson would combine with two of LKCM
Headwater’s portfolio companies, TestEquity and Gexpro Services,
in an all-stock deal (https://bit.ly/3nun37H)


 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))