secwatch.observer — SEC 8-K summary
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Issuer:     TESSCO TECHNOLOGIES INC (—)
CIK:        0000927355
Form:       8-K
Filed at:   2023-07-18T23:59:59+00:00
Accession:  0001104659-23-081999
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.01, 3.03, 5.01, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tessco completes $160M merger at $9/sh with Lee Equity/Twin Point affiliates
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- Deal closed July 17, 2023; shareholders to receive $9.00 per share in cash.
- Enterprise value approximately $160 million.
- Tessco to delist from Nasdaq; trading suspended after July 17 close.
- Concurrent sale/leaseback of Hunt Valley, MD and Reno, NV properties for ~$32.975M.
- All board members resigned effective at close as per Merger Agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/927355/000110465923081999/0001104659-23-081999-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/927355/000110465923081999/tm2321420d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-081999

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer