Note 15 - Subsequent Event
|3 Months Ended|
Mar. 31, 2019
|Notes to Financial Statements|
|Subsequent Events [Text Block]||
April 9, 2019,we entered into a definitive merger agreement with Wieland-Werke AG (the “Merger Agreement”), a nearly
200-year-old, family-owned global technology and service company in the brass and copper industry. Per the Merger Agreement, Wieland will acquire all of the outstanding shares of GBC in an all-cash transaction. GBC shareholders will receive
$44.00per share in cash. The merger is expected to close in the
2019.For additional details, please refer to the Merger Agreement, which is attached as Exhibit
2.1to our Current Report on Form
8-K filed on
April 11, 2019.
The obligation of the parties to complete the merger is subject to customary closing conditions, including, among others:
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef