Presstek Sold to American Industrial Partners Affiliate

HUDSON, NH—Presstek Inc., a supplier of digital offset printing solutions to the printing and communications industries, has entered into a definitive merger agreement under which it will be acquired by MAI Holdings, an entity affiliated with American Industrial Partners (AIP) Capital Fund IV.

Under the terms of the agreement and plan of merger, which has been unanimously approved by the company's board of directors, Presstek's shareholders will receive $0.50 in cash for each share of common stock. This represents a premium of 16.3 percent over closing share price of the common stock on Aug. 22.