LKCM Headwater Investments, private equity arm of Luther King Capital Management agrees to acquire remaining 1.7M shares of Lawson Products (LAWS +4.5%) owned by founding family members, Ronald Port and James Errant
LKCM Headwater will pay $32 per share, and thus increase the ownership from ~29% to ~48% in LAWS
The transaction is expected to close early in the Q1 FY19
Lawson Products will not receive any proceeds from the transaction.
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