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Miller Industries Inc V.MLR


Primary Symbol: MLR

Miller Industries, Inc. is a manufacturer of towing and recovery equipment. The Company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to its customers. Its products are marketed and sold through a network of distributors that serve all 50 states, Canada, Mexico, and other foreign markets, and through prime contractors to governmental entities. In addition to selling its products, its independent distributors provide end-users with parts and service. Its product line includes car carriers, wreckers, and transport trailers. Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Its multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. Its brands include Century, Vulcan, Chevron, Holmes, and Challenger.


NYSE:MLR - Post by User

Bullboard Posts
Comment by daydream1on Sep 25, 2012 11:40am
123 Views
Post# 20411404

RE: RE: RE: RE: Insider unsolicited bid today!

RE: RE: RE: RE: Insider unsolicited bid today!

If my aging memory serve me correctly I believe that when an offer to buyout a public company comes from a private company such as Pala there is no obligation by the private company to consider the warrants. If a publicly trading company, fro example ASN had made the offer the warrants would had to be included in. So if Pala gets it way the warrant get whipt out the day Pala buy out the shareholders. As it stands the warrant are not worth any thing, though that could change if the stock price of MLR reach the strike price of $2.50 (this you need th pray hard for to happen) or if a publicly trading company take over MLR than it will depend on the trading price of said company. Either way you look at it you might as well make peace with your warrants loss now.

Goodluck

D.

Bullboard Posts