Blount International Inc fka BLT

[Enterprising Investor]

Blount Stockholders Approve Acquisition by American Securities and P2 Capital Partners (4/07/16)

PORTLAND, Ore., April 07, 2016 (GLOBE NEWSWIRE) -- Blount International, Inc. (NYSE:BLT) (“Blount” or “Company”) announced that, at a Special Meeting of Stockholders held on April 7, 2016, the holders of more than 75% of its shares voted to approve the adoption of the agreement pursuant to which affiliates of American Securities LLC and P2 Capital Partners, LLC will acquire Blount. With the stockholder vote complete, all approvals required to complete the transaction have been received. Subject to the satisfaction or waiver of customary closing conditions, the transaction is expected to close on or about April 12, 2016.

Upon closing, Blount stockholders will be entitled to receive $10.00 in cash, without interest and less any applicable tax withholding, for each share of Blount common stock they own.

https://globenewswire.com/news-release/2016/04/07/827009/0/en/Blount-Stockholders-Approve-Acquisition-by-American-Securities-and-P2-Capital-Partners.html