Please ensure Javascript is enabled for purposes of website accessibility

Waiting to Take Action

Around the State – North JerseyLYNDHURST Harvey Electronics, a retailer of high-end consumer electronics, is asking shareholders to wait while the company reviews a tender offer made last week by Modern Technology of Oxford, Miss. Modern Technology, a diversified technology-development and acquisition company, offered to purchase 51% of Harvey’s outstanding shares for $1.15 per share.

That represented a hefty premium over the price of Harvey stock, which last week traded for about 70¢ a share. Harvey is advising its stockholders to take no action until additional information on the offer becomes available. The board of directors says it will respond after learning more about the terms of the bid. Modern Technology’s offer is due to expire May 1.

NJBIZ Business Events

2022 NJBIZ Energy Panel Discussion

Tuesday, October 18, 2022
2022 NJBIZ Energy Panel Discussion

NJBIZ Best 50 Women in Business 2022

Wednesday, October 26, 2022
NJBIZ Best 50 Women in Business 2022

NJBIZ Business of the Year 2022

Tuesday, December 13, 2022
NJBIZ Business of the Year 2022