Schmitt industries says opportunity would not be in best interest of shareholders and has ceased discussions

Schmitt industries inc - opportunity would not be in best interest of shareholders and has ceased discussions.schmitt industries - announces completion of evaluation of strategic opportunity.schmitt industries - to continue with delisting from nasdaq, transition to listing on otc markets.schmitt industries - approved modified "dutch auction" tender offer to buy no less than $2 million stock for not less than $3.00, not greater than $3.25.
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