EDMONTON, Alta. — Link Suspensions has upped its offer for Raydan Manufacturing by $327,059, paving the way for a deal to acquire the suspension manufacturer.
Link made an offer Nov. 29 which was tentatively accepted before Raydan received a “superior offer” from one of its shareholders. Link then had a period in which to improve its own offer or walk away.
Raydan CEO Ray English said in a release that: “I would like to thank the board of directors for their diligence and support throughout these negotiations.”
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