OREM, UT – Mity Enterprises Inc., a manufacturer of institutional furniture, agreed to be acquired by two UT-based private equity firms in a deal valued at approximately $75 million, according to Desert News. Sorensen Capital and Peterson Partners, the buyers, say they plan to take the company private again and focus on its growth. According to the agreement, holders of Mity common stock will be paid $21.50 in cash for each of their shares, which is about a 9% premium above the company’s closing price on May 2. Read more.
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