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Byline: David Robinson
Nov. 9--A Dallas investment firm, which owns 5 percent of Acme Electric Corp.'s stock, plans to vote its shares against the proposed $56.7 million merger with Key Components LLC because it thinks the $9 per share offer is too low.
Bradbury Dyer III, the general partner of Paragon Associates, which disclosed Wednesday that it owns 5.01 percent of Acme's stock, said he believes the East Aurora electronics maker could be worth more than $9 per share within the next 18 months because of the company's new $25 million contract with Invensys Power Systems.
"They have the wind at their back with those orders," Dyer said, noting that …