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

ELECTRO SENSORS INC

Acquisition by steute Industrial Controls at $7.75 per share in cash; total consideration not disclosed.
Merger subject to shareholder approval, no material adverse effect, and other customary conditions.
Certain board members and beneficial owners signed support agreements to vote in favor of the merger.
Termination fee of $1M plus up to $300k expenses payable by Electro-Sensors under certain circumstances.
Board of directors unanimously approved and recommends shareholders approve the merger.

Key facts

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

ELECTRO SENSORS INC entered into Agreement and Plan of Merger with steute Industrial Controls, Inc. valued at $7.75 per share cash consideration, termination fee of $1,000,000 plus expense reimbursement up to $ (effective 2026-04-20).

Action: entry
Agreement: merger
Counterparty: steute Industrial Controls, Inc.
Value: $7.75 per share cash consideration, termination fee of $1,000,000 plus expense reimbursement up to $
Effective: 2026-04-20

Exact text from the filing

On April 20, 2026, Electro-Sensors, Inc. (“ Electro-Sensors ”, the “ Company ”, “ we ”, “ us ” or “ our ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with steute Industrial Controls, Inc., a Connecticut corporation (“ steute ” or “ Parent ”), and Steute Burwell, Inc., a Minnesota corporation and wholly owned subsidiary of Parent (“ Merger Sub ”).

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Source: SEC EDGAR

accession 0001554855-26-000735

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