Brief: Marine Products announces commencement of tender offer

Marine Products

26/08/2016 11:50

Aug 26 (Reuters) - Marine Products Corp  MPX.N  
    * Marine Products Corporation announces commencement of 
tender offer 
    * Is commencing a tender offer to purchase for cash 3.2 
million shares of outstanding common stock at a purchase price 
of $9.00 per share 
    * Marine Products Corp says tender offer will expire at 
11:59 p.m., New York City time, on November 1, 2016 
    * Marine Products Corp says tender offer is not subject to a 
financing condition 
    * Marine Products Corp says expects to fund share purchases 
in offer from its existing cash and cash equivalents 
    * Have right to increase tender offer to up to 3.5 million 
shares 
 
Source text for Eikon:  ID:nPn82tWVra  
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