TSR Inc., a provider of computer programming consulting services, today said it has rejected an unsolicited buyout offer from QAR Industries.TSR, in a November 27 letter to QAR's leadership, said the buyout offer is " inadequate and does not reflect the fair value of the Common Stock of the Company and, therefore, would not be in the best interests of the Company’s stockholders.”QAR’s offer for the company was valued at $6.25 per share — a 30 percent premium vs. the price on November 13. At that price, the deal’s valuation was roughly $12.27 million, ChannelE2E believes.
Content, Mergers and Acquisitions, Mergers and Acquisitions, Content
Technology Staffing Firm TSR Rejects Buyout Offer

You can skip this ad in 5 seconds