Shareholders of Procom Technology Inc. in Irvine have approved a merger with CNDL Acquisition Corp., a private company started by Procom’s chief executive, Alex Razmjoo, the company announced today.
Shareholders will receive $1.35 in cash for each share of common stock. The stock closed Thursday at $1.28.
The company said Procom shares, trading under the ticker PRCM, will stop trading at the close of business today.
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