Uralmashzavod BOD Suggests Stockholders Accept Uralmash’s Offer

The Board of Directors decided to go through with the recommendations of Uralmash Machine-Building Corporation and to accept their share purchase offer.

The corporation that already owns a 98.91% stake in Uralmashzavod suggested to the latter’s stockholders that the remaining shares should be bought out. The shares in question are the registered preference Type A ones coming from the first share issue, and the proposed purchase price comes to 51 RUR apiece.