Aldila's Board of Directors ("Board") had unanimously approved the merger and recommended Aldila's stockholders approve it as well. The Merger Agreement was the culmination of a strategic review undertaken by Aldila and its exclusive financial advisor, B. Riley & Co. The Board concluded a merger was in the best interest of Aldila and its stockholders because joining with MRC will better enable Aldila to capitalize on Aldila's business opportunities offered by the growing demand for carbon fiber based materials in a number of industries. The merger will allow Aldila to leverage MRC's resources to more effectively take advantage of the business opportunities open to Aldila.About Aldila
Aldila, Inc. Announces Stockholder Approval Of Merger
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