DMC Global Receives Buy-Out Proposal from Steel Connect

DMC Global Inc. (Nasdaq: BOOM) received a non-binding proposal from Steel Connect to acquire all of the outstanding shares of common stock of the company, not already owned by Steel Connect, for $10.18 per share in cash.

Broomfield-based DMC’s board of directors will consider the proposal in consultation with its legal and financial advisers and in accordance with its fiduciary duties. The proposal is subject to further due diligence by Steel Connect and there can be no assurance that any definitive agreement will be executed, or that the proposal or any other transaction will be approved or consummated, the company said.

BofA Securities is acting as financial adviser to DMC. Womble Bond Dickinson (US) LLP and Richards, Layton & Finger, P.A. are acting as DMC’s legal advisers, Sodali & Co. is acting as its strategic stockholder adviser, and Gagnier Communications LLC is its strategic communications adviser.

DMC Global is an owner and operator of asset-light manufacturing businesses that provide highly engineered products and differentiated solutions. DMC’s businesses consist of: Arcadia, a supplier of architectural building products; DynaEnergetics, which serves the global energy industry; and NobelClad, which addresses the global industrial infrastructure and transportation sectors.

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