Excalibur Holdings president/chairman/CEO William "Bill" Stuart says in the same statement his company welcomes the deal because it will allow the firm to tap public markets to fund future acquisitions.
Global Realty is traded on the Over-the-Counter Bulletin Board. Excalibur is privately held. Global closed March 26 at 29 cents a share, up four cents from 25 cents on March 25. Trading volume was 16,500 shares.
Excalibur Holdings has three operating subsidiaries: Excalibur AeroSpace, doing business as Aero Weld; Excalibur Steel, which builds high-volume structural steel and piping components for power generation plants; and Excalibur Services, a fabrication and manufacturing firm.
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