Moab Capital to Vote in Favor of Mac-Gray Corporation Merger

Mac-Gray Merger, Moab Capital: Mac-Gray Corporation (NYSE:TUC) recently entered into a purchase agreement to be acquired by  CSC Fenway, Inc., a wholly-owned subsidiary of Spin Holdco Inc., according to an SEC filing by Michael M. Rothenberg and David Sackler’s Moab Capital Partners. Spin Holdco is a subsidiary of CSC ServiceWorks, Inc. Several shareholders, including Moab, have entered into separate voting agreements with the buyer, the terms of which state that the shareholders agreed to vote in favor of the merger.

Moab Capital Partners holds around 1.34 million shares of Mac-Gray, which represent 9.1% of the company.

Disclosure: none