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In March 2024, with Douglas A Starrett as its President and CEO, the company announced that it would be acquired by private equity firm MiddleGround Capital. [10] On June 5, 2024, L. S. Starrett Co. announced that it had completed a merger with an affiliate of MiddleGround and became a privately held company. [11]
Money Access Center (MAC, also Money Access Card) was an ATM network in the Mid-Atlantic and Midwestern United States, between 1979 and 2005, when it was absorbed into the STAR network. The network was one of the first in the nation, and helped universalize ATM banking.
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In the fields of mergers and acquisitions and corporate finance, a material adverse change (abbreviated MAC), material adverse event (MAE), or material adverse effect (also MAE) is a change in circumstances that significantly reduces the value of a company.
A consolidated merger is a merger in which an entirely new legal company is formed through combining the acquiring and target company. The purpose of this merger is to create a new legal entity with the capital and assets of the merged acquirer and target company. Both the acquiring and target company are dissolved in the process. [34]
Though some earlier 19th century tools were called combination squares, the modern combination square was invented in the late 1870s by American inventor Laroy S. Starrett, and patented in 1879. [note 1] [8] In 1880 he founded the L. S. Starrett Company in Athol, Massachusetts, United States. The tool was originally designed for machinists, but ...
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