|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.60 - 7.67|
|52 Week Range||0.71 - 7.67|
|Beta (5Y Monthly)||0.57|
|PE Ratio (TTM)||40.58|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NEW YORK, NY / ACCESSWIRE / December 5, 2019 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Torotel, Inc. ("Torotel" or the "Company") ...
Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of Torotel, Inc. (Other OTC: TTLO) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed sale to Standex International Corporation.
Standex International Corporation ("Standex") (NYSE: SXI) and Torotel, Inc. ("Torotel"), (OTC: TTLO), today announced that they have entered into a definitive agreement for Standex to acquire Torotel for approximately $48 million in cash, which includes the assumption of net debt of approximately $1.4 million. The transaction is expected to close in the first calendar quarter of 2020 and is subject to customary closing conditions and regulatory approvals, including the approval of Torotel shareholders. Standex expects the acquisition to be slightly accretive to its earnings in its first year of ownership excluding one-time purchase accounting and transaction costs.