DMC Global Rejects Steel Connect's Acquisition Proposal
Generado por agente de IAHarrison Brooks
miércoles, 12 de febrero de 2025, 7:13 am ET1 min de lectura
BOOM--
DMC Global Inc. (Nasdaq: BOOM) has announced that its board of directors has rejected a non-binding proposal from Steel Connect, Inc. to acquire all outstanding shares of the company for $10.18 per share in cash. The board, in consultation with its legal and financial advisors, has decided that the proposal does not reflect the company's intrinsic value and is not in the best interests of its stockholders.
DMC Global, an owner and operator of innovative, asset-light manufacturing businesses, has established leadership positions in its respective markets. The company's businesses include Arcadia, a leading supplier of architectural building products; DynaEnergetics, which serves the global energy industry; and NobelClad, which addresses the global industrial infrastructure and transportation sectors.
The company's board of directors is committed to evaluating the company's alternatives, including the execution of its standalone plan, and pursuing the path that it believes to be in the best interests of all stockholders. DMC Global's strategic advisors, including BofA Securities, Womble Bond Dickinson (US) LLP, Richards, Layton & Finger, P.A., Sodali & Co, and Gagnier Communications LLC, are supporting the company in its review of the proposal and its ongoing strategic initiatives.
DMC Global's decision to reject Steel Connect's proposal is a strategic move that reflects its commitment to maximizing shareholder value. The company's board of directors is focused on exploring other strategic alternatives that could potentially create more value for stockholders. By maintaining its commitment to the standalone plan and engaging in discussions with other interested parties, DMC Global is demonstrating a strategic approach to its future direction.
In conclusion, DMC Global's rejection of Steel Connect's acquisition proposal is a strategic decision that aligns with the company's core investment values. The board of directors is committed to evaluating the company's alternatives and pursuing the path that it believes to be in the best interests of all stockholders. By maintaining its focus on the standalone plan and engaging in discussions with other interested parties, DMC Global is demonstrating a strategic approach to its future direction.
RKDA--
DMC Global Inc. (Nasdaq: BOOM) has announced that its board of directors has rejected a non-binding proposal from Steel Connect, Inc. to acquire all outstanding shares of the company for $10.18 per share in cash. The board, in consultation with its legal and financial advisors, has decided that the proposal does not reflect the company's intrinsic value and is not in the best interests of its stockholders.
DMC Global, an owner and operator of innovative, asset-light manufacturing businesses, has established leadership positions in its respective markets. The company's businesses include Arcadia, a leading supplier of architectural building products; DynaEnergetics, which serves the global energy industry; and NobelClad, which addresses the global industrial infrastructure and transportation sectors.
The company's board of directors is committed to evaluating the company's alternatives, including the execution of its standalone plan, and pursuing the path that it believes to be in the best interests of all stockholders. DMC Global's strategic advisors, including BofA Securities, Womble Bond Dickinson (US) LLP, Richards, Layton & Finger, P.A., Sodali & Co, and Gagnier Communications LLC, are supporting the company in its review of the proposal and its ongoing strategic initiatives.
DMC Global's decision to reject Steel Connect's proposal is a strategic move that reflects its commitment to maximizing shareholder value. The company's board of directors is focused on exploring other strategic alternatives that could potentially create more value for stockholders. By maintaining its commitment to the standalone plan and engaging in discussions with other interested parties, DMC Global is demonstrating a strategic approach to its future direction.
In conclusion, DMC Global's rejection of Steel Connect's acquisition proposal is a strategic decision that aligns with the company's core investment values. The board of directors is committed to evaluating the company's alternatives and pursuing the path that it believes to be in the best interests of all stockholders. By maintaining its focus on the standalone plan and engaging in discussions with other interested parties, DMC Global is demonstrating a strategic approach to its future direction.
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