Nathan and Sandra Kahn to Explore Possible Acquisition of Empire Resources, Inc.
September 17 2015 - 3:45PM
PR Newswire (US)
FORT LEE, N.J., Sept. 17,
2015 /PRNewswire/ -- Empire Resources, Inc. (NASDAQ:ERS),
announced today that its Board of Directors has been advised by
Nathan and Sandra Kahn that they
have decided to explore the possibility of formulating a proposal
to acquire all of the shares of common stock of Empire Resources,
Inc. that the Kahns do not currently own. Nathan Kahn is the
Company's Chief Executive Officer and President and Sandra Kahn is the Company's Vice President,
Chief Financial Officer, Treasurer and Secretary. The Kahns
currently beneficially own approximately 46% of the Company's
common stock (including shares issuable upon convertible notes
owned by the Kahns/Nathan Kahn). There can be no assurance
that the Kahns will make any proposal to acquire the Company or, if
a proposal is made, that any transaction will result.
The Company's Board of Directors has created a Special Committee
to consider any acquisition proposal that may be submitted to the
Company.
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SOURCE Empire Resources, Inc.
Copyright 2015 PR Newswire
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