Electro-Sensors to be acquired by Steute Industrial Controls for $7.75 per share cash

ELECTRO SENSORS INC

Merger consideration: $7.75 per share in cash; shareholders receive cash without interest.
Agreement signed April 20, 2026; Parent is Steute Industrial Controls, Merger Sub is Steute Burwell.
Support Shareholders holding voting agreements will vote in favor of the merger.
Conditions include shareholder approval, no legal restraints, and dissenting shares below 10%.
All outstanding Company Options and RSUs will be cancelled and converted to cash at $7.75 per share.

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