Mace Security Intl. Receives an Acquisition Offer

Mount Laurel, NJ-based Mace Security International Inc. ( MACE) announced that another company has expressed an interest in acquiring Mace paying $3.00 per share.

MACE closed at $2.51 per share on 17 January 2007. Mace has about 15.28 million shares outstanding with approximately 31.75% of them closely held.

MACE was added to the Fall 2006 ISSX Portfolio on 9/29/2006 at a purchase price of $2.32 per share.

Exercises
  1. The $3.00 per share offer is $_______ greater than MACE's 1/17/2007 closing price.

  2. At $3.00 per share, the buyer of Mace Security Intl. will have to pay approximately $_____________________ in order to acquire the company.

  3. At $3.00 per share, MACE is up _______% from the ISSX Fall 2006 Portfolio purchase price.


Creator: Gerald D. Thurman [gthurman@gmail.com]
Created: 18 January 2007

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