Brief: Schmitt Industries Says Opportunity Would Not Be In Best Interest Of Shareholders And Has Ceased Discussions

Schmitt Industries

03/06/2020 13:45

June 3 (Reuters) - Schmitt Industries Inc  SMIT.O :
    * SCHMITT INDUSTRIES INC - OPPORTUNITY WOULD NOT BE IN BEST
INTEREST OF SHAREHOLDERS AND HAS CEASED DISCUSSIONS
    * SCHMITT INDUSTRIES - ANNOUNCES COMPLETION OF EVALUATION OF
STRATEGIC OPPORTUNITY
    * SCHMITT INDUSTRIES - TO CONTINUE WITH DELISTING FROM
NASDAQ,
TRANSITION TO LISTING ON OTC MARKETS
    * SCHMITT INDUSTRIES - APPROVED MODIFIED "DUTCH AUCTION"
TENDER
OFFER TO BUY NO LESS THAN $2 MILLION STOCK FOR NOT LESS THAN
$3.00, NOT GREATER THAN $3.25

Source text for Eikon:  ID:nGNX13JQNw 
Further company coverage:  SMIT.O 

 ((Reuters.Briefs@thomsonreuters.com;))