Mac-Gray Corporation (NYSE:TUC) has declare that it had enter into an ultimate contract according to which the firm will be takeover by CSC. The terms of the deal said the company shareholders will get $21.25on each share in cash.
Harwood Feffer LLP is looking into possible declared against the board of directors of laundry facilities management firm. The company concerning about the proposed takeover of the firm by CSC ServiceWorks, Inc.
Harwood Feffer said their investigation is regarding Mac-Gray board of directors, whether they are disclosing all material cost and benefits, satisfying its legal duties, maximize the value of the firm, and obtaining fair and complete consideration for firm’s shareholders. Mac-Gray Corporation (NYSE:TUC) shares up 0.47% to $21.23 in current session.
Tumi Holdings Inc (NYSE:TUMI) has made a license deal with David Peyser Sportswear, according to the deal the company will develop, design, and distribute Outerwear for both women and men.
David Peyser Sportswear announces license agreement with TUMI to design, develop and distribute TUMI Outerwear for both men and women. The initial shipment of its products will be distributed for the retailers in 2014. The firm has also declared it will launch a 6K square-foot outlet to display it Outerwear collection. The outlet is planned to be launch by the end of current year, when the company will display its initial Outerwear’s collection. Tumi Holdings Inc (NYSE:TUMI) shares increased 0.39% to $20.63 in current session.
Gray Television, Inc. (NYSE:GTN) shares boosted 2.47% to $9.14 in current session. And the firm stock in last one-month increase approximately 31%. According to the report of Zack, the firm has observed no estimate review in the last two months. Its earnings consent has also remained inactive in the same period. But, this latest price stroke is definitely supporting, so investors will ensure to watch closely the company stocks in near future. The analyst firm has rated the company Hold.