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MOD PAC CORP. stockholders approve going private transaction

MOD-PAC CORP. announced that its shareholders approved, at a special shareholder meeting, the going-private merger agreement under which Kevin and Daniel Keane, their associates and affiliates will acquire the approximately 81.3% of the company's outstanding capital stock that they do not already own for $9.25 per share in cash. The transaction, valued at approximately $24.6M, is expected to close on or about September 30.