Magal Raises $16 Million in Successful Rights Offering
Corporate partner Steven J. Glusband assisted firm client Magal Security Systems, Ltd. in raising $16 million in a rights offering to its shareholders. Magal is a leading international provider of security, safety and site management solutions and products including tailor-made solutions. The proceeds of the rights offering will be used to repay debt and to strengthen the company’s capital structure.
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