Hirsch Acquired by Gallagher
Hirsch Int’l Corp. completed its acquisition by its CEO, Paul Gallagher, the company’s president, CEO, and COO, as well as other related parties, in a going-private transition. Hirsch’s stockholders approved the merger agreement for that transaction on October 20, 2009.
Stockholders are entitled to receive $0.31 in cash without interest and less any applicable withholding taxes for each share of common stock they owned immediately prior to the effective date of the merger. It is expected that Class A Common Stock will cease trading on the Nasdaq Capital Market.
Hirsch provides equipment and support services to the graphics and decorated-apparel industries. The company represents the decorated-apparel industry through Tajima embroidery equipment, MHM screen-printing equipment, SEIT lasers, Pulse Microsystems software, and garment inkjet printers from Kornit and Mimaki.
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