Lawson Products, Inc. (LAWS), and LKCM Headwater Investments, the private investment arm of Luther King Capital Management Corporation, announced the execution of merger agreements pursuant to which Lawson will combine in an accretive transaction on an adjusted basis with two of LKCM Headwater's portfolio companies, TestEquity and Gexpro Services, in an all stock deal. Upon closing, Lawson's capitalization is anticipated to consist of approximately 19.4 million shares, of which approximately 9.1 million shares, or 47%, would be held by existing Lawson shareholders.
All Lawson shares outstanding immediately before the completion of the merger will remain outstanding after the combination, and existing Lawson shareholders will continue to hold shares in the combined company.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.