NAUGATUCK, Conn.--(BUSINESS WIRE)--The Eastern Company (NASDAQ-EML) (the “Company”) recently received a letter from Synalloy Corporation (NASDAQ-SYNL) expressing the interest of Synalloy in the possible acquisition of the Company for $6.69 per share in cash and approximately $12.43 in shares of Synalloy common stock. The Board of Directors of the Company has carefully reviewed and unanimously determined that the proposal is not in the best interests of the Company and its shareholders. The Boar
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