Price Pfister Agrees to Acquisition by Emhart
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Price Pfister signed a definitive agreement to be acquired by Emhart Corp. for $18.50 a share, or $215 million.
Price Pfister, a Pacoima-based maker of brass faucets and other plumbing fixtures, had announced two weeks ago that it was negotiating a merger with Emhart on those terms. Emhart, based in Farmington, Conn., has interests in industrial products, consumer goods and computer services.
The proposed takeover still requires approval by a majority of Price Pfister’s stockholders, who are expected to vote in late May.
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