Vienna Parent Corporation entered into a definitive merger agreement on May 15, 2024, with U.S.-based staffing company TSR, Inc. (TSRI), acquiring it for about $29 million.
Under the terms of the merger, Vienna Acquisition Corporation, a wholly-owned subsidiary of Vienna Parent, will commence a tender offer to purchase all of the outstanding shares of TSR for $13.40 per share, representing a premium of 73.8% from the stock’s last close.