Bonal International, Inc. Proposed Plan of Merger Not Approved
ROYAL OAK, Mich., March 19, 2013 /PRNewswire/ -- Bonal
International, Inc., (OTC: BONL) held a special meeting of the
stockholders on March 18, 2013, to
vote on the proposed Agreement and Plan of Merger by and among the
Company, DePierre Management & Manufacturing LLC and DMM
Acquisition Corporation. At the special meeting, the required
affirmative vote of the number of shares of Company common stock
necessary to approve the proposal was not attained.
Accordingly, the Agreement and the Plan of Merger has terminated,
and the buyer and the Company have terminated negotiations, said
A. George Hebel, III,
Chairman.
Bonal International, Inc., through its wholly owned subsidiary,
Bonal Technologies, Inc., is the world's leading provider of
sub-harmonic vibratory stress relief and weld conditioning
technology. Headquartered in Royal
Oak, Michigan, Bonal serves the aerospace, armament,
automotive, petroleum, die casting, mining, racing, machine tool
building, mold making, ship building, and welding industries.
Bonal's patented Meta-Lax® technology is used for eliminating
thermal stress in metal parts, thereby preventing warping and
cracking, at a fraction of the time, energy, and monetary costs of
competing technologies. More information can be found at
www.Bonal.com or by calling 1-800-Meta-Lax.
SOURCE Bonal International, Inc.