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Qualstar(R)
Corporation
QBAK today confirmed that Steven Bronson and
BKF Capital Group have commenced an unsolicited tender offer to
acquire 3 million shares of Qualstar Corporation at a price of $1.65
per share.
Qualstar's Board of Directors, in consultation with its financial and
legal advisors, will carefully review and consider the unsolicited
tender offer to determine the course of action that it believes is in
the best interests of the Company and its shareholders. The Board
intends to advise shareholders of its formal recommendation within
ten business days by making available to shareholders and filing with
the Securities and Exchange Commission a solicitation/recommendation
statement on Schedule 14D-9. Qualstar's shareholders are advised to
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