Steel Connect Calls on DMC Global to Meaningfully Engage Around Acquisition Proposal that Would Provide Certain, Premium Value to Shareholders
DMC Global Inc. (BOOM)
Last dmc global inc. earnings: 4/23 04:05 pm
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Source: Business Wire
Steel Reiterates Proposal to Acquire the Company for $16.50 Per Share in Cash and Issues Public Letter to DMC BoardProposal Represents ~51% Premium to DMC’s Current Share Price, Which Has Declined Significantly in Recent MonthsSteel is Alternatively Open to Discussing Acquisition of DMC’s DynaEnergetics and NobelClad Businesses NEW YORK--(BUSINESS WIRE)--Steel Connect, Inc. (together with its affiliates, “Steel”), which beneficially owns approximately 9.8% of the outstanding shares of DMC Global Inc. (Nasdaq: BOOM) (the “Company”), today issued a public letter to the Company’s Board of Directors (the “Board”). The full text of the letter is below.Dear DMC Board Members,On May 31, 2024, we made a proposal to acquire all the remaining shares of DMC that we do not already own for $16.50 in cash. Today we are reiterating that proposal which, as we previously indicated, is not subject to any financing contingency and would provide shareholders with maximum value. At the time of our init
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News
- DMC Global Board Responds to Steel ConnectGlobeNewswire
- DMC Global Inc. (NASDAQ: BOOM) had its price target lowered by analysts at Stifel Nicolaus from $19.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- DMC Global Inc. (NASDAQ: BOOM) had its price target lowered by analysts at Stifel Nicolaus from $24.00 to $19.00. They now have a "buy" rating on the stock.MarketBeat
- DMC Global Inc. (BOOM) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- DMC Global (BOOM) Reports Q2 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
BOOM
Earnings
- 8/1/24 - Beat
BOOM
Sec Filings
- 9/17/24 - Form SC
- 9/17/24 - Form SC
- 8/15/24 - Form 8-K/A
- BOOM's page on the SEC website