Under the agreement, which has been unanimously approved by Baldwin’s Board of Directors, Baldwin’s stockholders will receive US$0.96 in cash for each share of Baldwin Class A or Class B Common Stock.

The merger agreement permits the Board to solicit, receive, evaluate and enter into negotiations with respect to alternative proposals through January 28, 2012.  The Board, with the assistance of its advisors, will actively solicit alternative proposals during this period.

Mark Becker, CEO of Baldwin says, “The transaction will improve Baldwin’s financial strength and enable it to continue to operate effectively in its current markets and beyond.

“Forsyth’s financial resources and management experience will accelerate the turnaround of Baldwin already underway.  We believe this is a strong transaction for our stockholders, employees, customers and other partners.”

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