Farrel aims to go private as investment group offers to buy shares

Ansonia, Connecticut - Farrel Corp. has agreed with an un-named private investor group to buy all of the issued and outstanding shares of Farrel common stock. It is anticipated that members of Farrel’s current management team will own approximately 30 percent of the Company after the deal is completed.

The deal offers an immediate cash price of $2.75 per share, with a further payment of up to $0,25 due three years after the completion of the deal. Although few shares are traded in the company,…

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