AROTECH CORP. overview

Questions why Mr. Sisko wasn't replaced earlier Questions why Mr. Sisko was initially hired and his level of compensation Questions Chairman Rosenthal's desire to act in the best interests of shareholders Believes stock price would appreciate significantly if Chairman Rosenthal would resign NEW YORK, NY / ACCESSWIRE / April 21, 2020 / Earlier today Ephraim Fields of Echo Lake Capital issued a letter to Mr. Robert Rosenthal, Chairman of the Board of Directors of Safeguard Scientifics, Inc. ("SFE"...

ANN ARBOR, Mich., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) (“Arotech”) today announced the completion of its acquisition by an affiliate of Greenbriar Equity Group, L.P. (“Greenbriar”). The transaction, announced on September 22, 2019, was completed on December 19, 2019 following a majority shareholder vote for consideration of approximately $80 million. Dean Krutty, CEO and President of Arotech, commented: “We are grateful for the hard work of our...

ANN ARBOR, Mich., Nov. 06, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) today announced financial results for the quarter and nine months ended September 30, 2019. Third Quarter 2019 Financial Summary: Consolidated Nine months ended September 30, Three months ended September 30, U.S. $ in thousands, except per share data 2019 2018 2019 2018 GAAP Measures Revenue $ 67,619 $ 72,968 $ 23,574 $ 23,844 Gross profit $ 21,434 $ 21,639 $ 7,976 $ 7,328 Net income (loss) $ (1,078 ) $...

ANN ARBOR, Mich., Oct. 23, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) a provider of quality defense and security products for the military, law enforcement and homeland security markets, announced that it will release results for the quarter and nine months ended September 30, 2019, on Wednesday, November 6, 2019 after the market close. Due to the previously announced pending transaction with an affiliate of Greenbriar Equity Group, L.P., Arotech will not host an earnings call...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Arotech Corporation (NasdaqGM: ARTX) to an affiliate of Greenbriar Equity Group, L.P. Under the terms of the proposed transaction, shareholders of Arotech will receive only $3.00 in cash for each share of Arotech that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the...

Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Arotech Corporation (NASDAQ: ARTX) on Behalf of Arotech Shareholders and Encourages Arotech Investors to Contact the Firm PR Newswire NEW YORK, Sept. 23, 2019 NEW YORK , Sept. 23, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Arotech Corporation (NASDAQ: ARTX) on behalf of Arotech shareholders concerning the proposed merger with an affiliate of Greenbriar...

SHAREHOLDER ALERT: WeissLaw LLP Investigates Arotech Corporation PR Newswire NEW YORK, Sept. 23, 2019 NEW YORK , Sept. 23, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Arotech Corporation ("Arotech" or the "Company") (NASDAQ: ARTX) in connection with the proposed acquisition of the Company by an affiliate of Greenbriar Equity Group, L.P. ("Greenbriar Equity). Under the terms of the acquisition agreement, ARTX...

ANN ARBOR, Mich., Sept. 23, 2019 (GLOBE NEWSWIRE) -- Arotech Corporation (NasdaqGM: ARTX) today announced that it has entered into a definitive agreement with an affiliate of Greenbriar Equity Group, L.P. (“Greenbriar”) under which the affiliate will acquire all outstanding shares of Arotech common stock for $3.00 per share in cash, representing an aggregate equity value of approximately $80.8 million. The $3.00 per share cash consideration represents a premium of approximately 32.7% to...