This 8-K reports the completion of a merger involving Electro Sensors (ELSE). At the effective time, each outstanding share of common stock was automatically converted into the right to receive $7.75 in cash, before any tax withholding and without interest. Outstanding stock options and RSUs also became fully vested and were cashed out on the same $7.75-per-share basis. In short, shareholders are getting a fixed cash payout instead of continuing to hold the stock; the excerpt does not name the acquirer.
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