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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]
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Thompson–Starrett Co. was an American construction contracting and engineering firm based in New York City that operated from 1899 until 1968. During the company's first 30 years, it was a pioneer in the construction of skyscrapers and one of the first companies to develop a national practice involving large-scale construction projects.
The merger was called off after a chilly reaction from investors, vaping related illnesses, and Altria's increasingly scrutinized $12.8 billion investment in vaping leader Juul. [427] 3 2015 Pfizer: Allergan, plc: 160.0 205.7 The deal fell through over changes made to tax inversion legislation by the Government of the United States. [428] 4 2008
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]
In 1995, the company was renamed Starrett Corporation. [4] In June 1997, Jacob Frydman, attempted to purchase the company for $84 million, $12.25 per share, after reaching an agreement with brothers Paul Milstein and Seymour Milstein who owned 33% of Starrett's shares and president Henry Benach who owned 19% of Starrett's shares.
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L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products.
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