logo
Plus   Neg
Share
Email

Lawson Products Reports Stock Purchase By LKCM Headwater - Quick Facts

Lawson Products, Inc. (LAWS) announced that an affiliate of LKCM Headwater Investments, the private equity arm of Luther King Capital Management, has agreed to acquire the remaining 1,713,787 shares of Lawson common stock owned by Ronald Port and James Errant, both members of the founding family, and their affiliates and related parties. LKCM Headwater Investments has agreed to acquire the shares at $32 per share, increasing the collective ownership of LKCM Headwater Investments and other affiliates of Luther King Capital Management from approximately 29% to approximately 48% of total shares outstanding.

Lawson Products noted that the company will not receive any proceeds from the transaction.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients. Ferring Pharmaceuticals US is recalling various nasal sprays citing superpotency or amounts of desmopressin higher than specified, the U.S. Food and Drug Administration announced in a statement. The recall involves all lots on the market of DDAVP Nasal Spray 10 mcg/0.1mL, Desmopressin Acetate Nasal Spray 10 mcg/0.1mL, and STIMATE Nasal Spray 1.5 mg/mL. U.S. President Donald Trump has issued executive orders to ban Chinese mobile application TikTok as well as WeChat, citing a threat to national security and its economy. China's ByteDance Ltd. owns TikTok, a video-sharing mobile app, while Tencent Holdings Ltd. owns WeChat, a messaging, social media, and electronic payment app.
Follow RTT