Hardinge Inc., Elmira, N.Y., an international provider of metalcutting solutions and accessories, entered into a definitive merger agreement under which Hardinge will be acquired by an affiliate of Privet Fund Management LLC, Atlanta. Under the terms of the agreement, Privet Fund Management will acquire all shares of Hardinge common stock not currently owned by Privet Fund Management for $18.50 in cash, for a total transaction value of approximately $245 million.