UNION CITY, Calif., Aug. 14, 2012 (GLOBE NEWSWIRE) -- DayStar Technologies, Inc. (Nasdaq:DSTI) today announced its intention to commence a tender offer to the shareholders of Salamon Group, Inc. (OTCQB:SLMU) to acquire at least 50.1% of Salamon's outstanding shares of common stock. DayStar intends currently to offer one (1) share of common stock of DayStar for each six (6) shares of common stock of the Salamon Group, Inc. The closing of the transaction would be contingent upon Nasdaq Capital Market compliance and all applicable legal and other regulatory requirements, as well as shareholder approval.
DayStar Technologies Announces Intention To Commence Tender Offer For Majority Interest In Salamon Group
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts