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Fentura Financial Inc. has Completed a $21.6 Million Common Stock Offering THE TRANSACTION On November 26, 2018, Fentura Financial, Inc. (OTCQX:FETM) (“Fentura”), the holding company for The State Bank, announced that it has completed the final closing of the issuance of 980,828 shares at $22.00 per share for a total of $21.6 million to accredited…

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Athens Bancorp, Inc. and NBP Financial Services, Inc. Have Merged THE TRANSACTION On November 1, 2018, Athens Bancorp, Inc., parent of Athens State Bank (collectively, “Athens”) and NBP Financial Services, Inc., parent of National Bank of Petersburg (collectively, “NBP”) completed their previously announced merger. On May 16, 2018 Athens entered into an Agreement and Plan…

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Skyway Precision has acquired the assets of Bellwright Manufacturing THE TRANSACTION In October 2018, Skyway Precision Inc. (“Skyway”) acquired the assets of Bellwright Manufacturing LLC (“Bellwright”). The transaction expands Skyway’s customer base and geographic footprint, while leveraging Skyway’s product and manufacturing expertise. Bellwright provides Skyway with a strong management team and workforce upon which to…

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Cooper Standard Agrees to Acquire Lauren Manufacturing & Lauren Plastics THE TRANSACTION On July 3, 2018, Cooper Standard (NYSE:CPS), a leading global supplier of systems and components for the automotive industry, agreed to acquire Lauren Manufacturing and Lauren Plastics. The transaction expands the markets served by Cooper Standard’s Industrial and Specialty Group (ISG), which is…

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Mackinac Financial Corporation has Completed a $34.5 Million Common Stock Offering THE TRANSACTION On June 15, 2018 Mackinac Financial Corporation (NASDAQ: MFNC) (“Mackinac”), the holding company of mBank, announced the closing of its public offering of an aggregate of 2,225,807 shares of Mackinac’s common stock at a price to the public of $15.50 per share.…

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Alex Products has been Acquired by North American Stamping Group THE TRANSACTION In May 2018, Alex Products, a leading supplier of complex, welded assemblies used in seating related applications for the automotive market, was acquired by North American Stamping Group (“NASG”). Alex Products has more than 30 years of experience as a leader in safety…

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American Axle has sold its Cloyes aftermarket division to Hidden Harbor Capital Partners THE TRANSACTION In April 2018, American Axle & Manufacturing Holdings, Inc. (NYSE:AXL “AAM”) divested the aftermarket division (“Cloyes”) of its subsidiary Cloyes Gear & Products, Inc. to Hidden Harbor Capital Partners (“Hidden Harbor”). Cloyes is a global leader in the design, development,…

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Lake Michigan Credit Union has acquired Ovation Holdings, Inc., parent of Encore Bank THE TRANSACTION On August 7, 2017, the Boards of Directors of Lake Michigan Credit Union (“LMCU”) and Ovation Holdings, Inc. (“Ovation”), the parent of Encore Bank, announced the execution of a definitive agreement by which LMCU will acquire Ovation. On April 20,…

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AMI Shanghai has been Acquired by Cooper Standard THE TRANSACTION In February 2018, AMI Shanghai a China-based supplier of fuel and brake lines and related components to the Chinese automotive market, was acquired by Cooper Standard. Our Client AMI SHANGHAI AMI Shanghai Automotive Fluid System Co. (“AMI Shanghai”) was formed by US-based AMI Industries to…

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AMI Shandong has been Acquired by Cooper Standard THE TRANSACTION In February 2018, AMI Shandong a China-based supplier of fuel and brake lines and related components to the Chinese automotive market, was acquired by Cooper Standard. Our Client AMI SHANDONG AMI Shandong Automotive Fluid System Co. (“AMI Shandong”) was formed by US-based AMI Industries to…

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