Brief: Empire Resources enters into merger agreement with Ta Chen

Ta Chen Stainless Pipe Co

31/03/2017 14:16

March 31 (Reuters) - Empire Resources Inc  ERS.O  
    * Empire Resources enters into merger agreement with Ta Chen 
    * Empire Resources Inc - aggregate value of transaction is 
approximately $58 million for all of outstanding shares of 
Empire 
    * Empire Resources Inc - deal for $7.00 per share in cash by 
a unit of Ta Chen Stainless Pipe Co., Ltd. 
    * Acquisition will be completed by means of a tender offer 
for all outstanding empire shares 
    * Empire resources inc - empire board of directors has 
unanimously approved agreement 
    * Empire Resources - Nathan Kahn, Sandra Kahn who together 
own about 46.3 percent of co's outstanding shares, have agreed 
to tender their shares into offer 
 
Source text for Eikon:  ID:nPn3N9fpsa  
Further company coverage:  ERS.O  
 
 ((bangalore.newsroom@thomsonreuters.com;))