Mace Security International has completed its merger with W Electric Intermediate Holdings. Charles A. Gaddis was appointed as the Stockholders' Representative at the Special Meeting of its stockholders held on December 3.
As a result of the merger, Mace becomes a private company wholly owned by W Eletcric and the shares of the Mace will no longer be quoted on the OTC QB Market following the close of trading on December 6..
Under the terms of the merger agreement, each share of Mace common stock were exchanged for the right to receive US $0.015777 in cash per share without interest and potential additional contingent consideration pursuant to the terms of the agreement.
