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BRIEF-Empire Resources enters into merger agreement with Ta Chen
March 31, 2017 / 1:58 PM / 9 months ago

BRIEF-Empire Resources enters into merger agreement with Ta Chen

March 31 (Reuters) - Empire Resources Inc

* 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: Further company coverage:

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