https://www.businesswire.com/news/home/20180727005613/en/

ORLANDO, Fla.--(BUSINESS WIRE)--Jul 27, 2018--The LGL Group, Inc. (NYSE American: LGL) (the "Company"), a globally diversified holding company with a history of operations dating back to 1914, today announces that management and its board of directors (“Board”) continue the evaluation of a non-binding proposal from an investment group to acquire for cash the assets of its two principal operating subsidiaries, M-tron Industries, Inc. (“Mtron”) and Precise Time and Frequency, LLC (“PTF,” and together with Mtron, “MtronPTF”).

The Board, in consultation with its legal and financial advisors, is carefully reviewing and evaluating the proposal. The Company cautions shareholders and others considering trading in the Company’s securities that while the proposal submitted by the investment group is actively under consideration by the Board, no decisions have yet been made by the Board with respect to the proposal. There can be no assurance as to whether a definitive agreement will be executed, the terms thereof, or that any transaction governed thereby will be approved by the Board, consummated, or if consummated, as to the timing thereof.