MKU offering a $2.8M deposit please vote against Safariland While MKU respects the process undertaken by the Board of Directors of PSP, we disagree with the ultimate determination that the MKU Offer was not a "Superior proposal". MKU has worked diligently to provide the Board of Directors of PSP with the information requested and we are confident in our ability to finance a transaction such as the one contemplated by the MKU Offer. Indeed, and in an effort to demonstrate its good faith and provide comfort to the Board of Directors of PSP, MKU has submitted support letters from credible financing sources, in addition to offering a $2.8M non-refundable deposit should MKU not deliver on its obligations.
MKU wishes to reiterate its commitment to entering into a negotiated transaction with PSP should the Board of Directors of PSP revise their decision or if shareholders ultimately do not vote in favour of the current transaction with Safariland, LLC.