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Stock impact report

Innovative Solutions & Support, Inc. To Review Christopher Harborne Non-Binding Indication of Interest [Yahoo! Finance]

Innovative Solutions and Support, Inc. (ISSC) 
US:NASDAQ Investor Relations: innovative-ss.com/investor-relations
Company Research Source: Yahoo! Finance
receipt of an unsolicited, non-binding indication of interest to make a proposal from Christopher Harborne (the " Non-Binding Indication of Interest "). The Non-Binding Indication of Interest contemplates a transaction in which Mr. Harborne would acquire all of the shares of the Company's common stock not already owned by Mr. Harborne at a price of $7.25 per share in cash. Per its terms, the Non-Binding Indication of Interest is also subject to negotiation, due diligence, execution of definitive agreements, and clearance under applicable antitrust and other laws, among other contingencies. Consistent with its fiduciary duties, and in consultation with financial, legal and other advisors, the Board of Directors of IS&S will carefully review the Non-Binding Indication of Interest to determine a course of action that it believes is in the best interests of the Company and its stakeholders. IS&S shareholders need take no action at this time. The Company does not intend to comment furthe Show less Read more
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