Miller Industries Inc V.MLR

Primary Symbol: MLR

Industrials

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

Miller Industries Inc

Bullboard Posts

Comment by daydream1on Nov 08, 2012 12:53pm

121 Views

Post# 20577156

RE: RE: RE: It's make or break time

The "offer" to tender your shares is set at $0.11, but Pala can buy shares from the V-TSX at any price it wishes.

The fact that they are paying a premium over their own offer indicates; first, that Pala views MLR value at more than its own evaluation as stated in the offer, second Pala is very determined to acquire 66 2/3 or more of MLR outstanding shares.

Unless there is a group or an individual that is already heavily invested in MLR and wish to protect its investment in MLR he or they will have to act swiftly and determinedly.

Goodluck

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