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Stock impact report

LGL to Expand Efforts in the Defense and Aerospace Industries

LGL Group, Inc. (The) (LGL) 
NASDAQ:AMEX Investor Relations: lglgroup.com/content/investor-relations
Company Research Source: Business Wire
ORLANDO, Fla.--(BUSINESS WIRE)-- The LGL Group, Inc. (NYSE American: LGL) (the "Company") a globally diversified holding company with a history of operations dating back to 1914, today announced that management and its board of directors (“Board”) are pursuing the development of aerospace and defense industry (“A&D”) operating and advisory investment platforms in an effort to enhance shareholder value. The LGL Group expects to build several A&D verticals through the introduction of industry focused partnerships and special purpose vehicles formed to make targeted acquisitions. This effort will seek to leverage the core competencies of the company’s management and board of directors. The company would act as the financial and management sponsor, raise capital from external nonaffiliated investors, and would receive management fees and success-based incentives in accordance with market practice. The Compan Show less Read more
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