Air-powered tools and accessories firm P&F Industries gets acquired by ShoreView

Post the acquisition, the listed entity will turn into a private company, and it will have additional financial and operational flexibility to pursue its strategy

P&F Industries announced that it has entered into a definitive agreement to be acquired by ShoreView Industries in an all-cash transaction for $13.00 per share, which represents an approximately 97% premium to the closing stock price of the company's stock on Oct. 12, 2023, according to a press release dated October 13.