DMC Global Receives Acquisition Proposal from Steel Connect
Deal News | Feb 10, 2025 | Globenewswire
DMC Global Inc. has received a non-binding acquisition proposal from Steel Connect to purchase all outstanding shares not owned by Steel Connect at $10.18 per share in cash. The proposal will be considered by DMC's board of directors in consultation with legal and financial advisors. There is no guarantee that the proposal or any related transaction will be finalized or approved. DMC, a leading provider in asset-light manufacturing, operates multiple subsidiaries serving various industries.
Sectors
- Manufacturing
- Mergers and Acquisitions
- Financial Advisory
Geography
- United States – DMC Global is headquartered in Broomfield, Colorado, and operates within the U.S. The acquisition proposal involves U.S.-based companies.
Industry
- Manufacturing – The article discusses DMC Global, which operates innovative, asset-light manufacturing businesses providing engineered products and solutions.
- Mergers and Acquisitions – The industry is relevant because the article is about a potential acquisition proposal by Steel Connect to purchase DMC Global's outstanding shares.
- Financial Advisory – BofA Securities and other advisory firms are engaged in providing financial and strategic advice regarding the proposal.
Financials
- $10.18 – Proposed acquisition price per share by Steel Connect for DMC Global's outstanding shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DMC Global Inc. | Target Company | Company | An asset-light manufacturing company with leadership positions in various industries including architectural building products, energy, and industrial infrastructure. |
| Steel Connect | Bidding Company | Company | A company proposing to acquire all outstanding shares of DMC Global not already owned by them. |
| BofA Securities | Financial Advisor | Company | Acting as the financial advisor to DMC Global for the proposal from Steel Connect. |
| Womble Bond Dickinson (US) LLP | Legal Advisor | Company | Providing legal advice to DMC Global regarding the acquisition proposal. |
| Richards, Layton & Finger, P.A. | Legal Advisor | Company | Supporting DMC Global with additional legal advisory services. |
| Sodali & Co. | Strategic Stockholder Advisor | Company | Assisting DMC Global in strategic stockholder management related to the proposal. |
| Gagnier Communications LLC | Strategic Communications Advisor | Company | Handling strategic communications for DMC Global in the context of the acquisition proposal. |