Braas Monier : Board continues unanimously to reject the offer price of 25 euros ($28.00) per share . Standard industries published its offer document in relation to public takeover offer for all outstanding shares in Braas Monier Building Group S.A. for a cash consideration of 25 euros per share . Board of directors of Braas Monier continues unanimously to recommend to reject offer price of 25 euros per share because it contains no customary premium for control .Offer price is at a discount to Braas Monier closing price on 13 October 2016 of 26.26 euros.
LSI Industries Inc : LSI Industries Inc. announces closure of its lighting facility in Kansas City and consolidation of its technology facility in Beaverton, Oregon . Will record estimated restructuring costs totaling, in aggregate, between $1.1 million and $1.3 million over first, second and third fiscal quarters. . Company anticipates that closing will occur not later than December 31, 2016. . Expects closure of facility will result in annual net operating profit improvement and cost savings of about $1.4 million .Taken action to consolidate its small LSI controls facility in Beaverton, Oregon into other LSI facilities by about September 30, 2016..
Daiken Corp <7905.T> : Says it plans to merge with its wholly owned Toyama-based real estate leasing subsidiary, effective on Dec. 31 .Says the unit will be dissolved after the transaction.