TSR, Inc. to be Acquired by Founder of BCforward
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
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Source: newsfilter
- Vienna Parent Corporation Acquisition: Vienna Parent Corporation, formed by Justin Christian, will acquire TSR, Inc. for $13.40 per share.
- Background of Companies: TSR, founded in 1969, is an IT staffing solutions provider, while Vienna Parent is affiliated with BC forward, a workforce management firm.
- Agreement Details: The acquisition involves a tender offer to purchase all outstanding shares of TSR for approximately $29 million.
- Expected Closing: The transaction is set to close in the third quarter of 2024, subject to customary closing conditions and shareholder approval.
- Financial and Legal Advisors: FOCUS Investment Banking and Shulman Rogers are advising TSR, while Ice Miller LLP is providing legal counsel to Vienna Parent.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
