Stock halted before the open, with early morning press release regarding acquisition of APFC by investment group H.I.G. for premium of roughly 18.9% above yesterday's close. Pretty good if you've only held position for a short time. Wouldn't imagine there will be higher bidders. Anyone know anything more?
Now that APFC is in play , we'll see if any new bidders show up.. I don't know. Sole manufacturer of AP products in North America.. Sole supplier of AP products to NASA and DOD. A growing pharm business with high barriers to entry. Very difficult to replicate if not impossible Fiscal 2013 net profits after tax of $25 MM. . Last year the stock went to $60.00 on the news that APFC was looking for a buyer.