MERGER AND ACQUISITIONS

3 Months Ended

Mar. 31, 2018

Business Combinations [Abstract]

MERGERS AND ACQUISITIONS

MERGERS AND ACQUISITIONS

Recent Merger Announcement

On February 12, 2018, Hardinge announced that it had entered into an Agreement and Plan of Merger (the “Merger

Agreement”) with Hardinge Holdings, LLC, a Delaware limited liability company (“Parent”), and Hardinge Merger Sub, Inc., a

New York corporation (“Acquisition Sub”), which are affiliates of Privet Fund LP and Privet Fund Management LLC

(collectively, “Privet”). Pursuant to the Merger Agreement, Parent has agreed to acquire the shares of Hardinge that Privet does

not beneficially own in an all-cash merger transaction (the “Merger”) for $18.50 per share valued at approximately $245.0

million, subject to approval of Hardinge shareholders and other customary closing conditions.