American Industrial Partners Taking Presstek Private
August 24, 2012
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American Industrial Partners has entered into an agreement to acquire Presstek (NASDAQ: PRST) through its American Industrial Partners Capital Fund IV. AIP intends to pay Presstek shareholders $0.50 per share, which represents a 16.3% premium. Presstek supplies digital offset printing solutions to the printing and communications industries. IAT Reinsurance, the company's largest shareholder with a 24.5% stake, has agreed to vote in favor of the transaction.
