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The latest announcement is out from DMC Global ( (BOOM) ).
On February 10, 2025, DMC Global Inc. acknowledged receipt of a non-binding proposal from Steel Connect to acquire all outstanding shares of the company not owned by Steel Connect, at $10.18 per share in cash. The board of directors of DMC Global will review the proposal with its legal and financial advisors, though there is no assurance of a definitive agreement or transaction approval. BofA Securities is serving as DMC’s financial advisor, with Womble Bond Dickinson and Richards, Layton & Finger as legal advisors.
More about DMC Global
DMC Global is an owner and operator of innovative, asset-light manufacturing businesses, providing highly engineered products and differentiated solutions across various sectors. The company’s businesses include Arcadia, a leading supplier of architectural building products; DynaEnergetics, serving the global energy industry; and NobelClad, which focuses on the global industrial infrastructure and transportation sectors. DMC Global is based in Broomfield, Colorado, and trades on Nasdaq under the symbol ‘BOOM’.
YTD Price Performance: 10.15%
Average Trading Volume: 217,002
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $158.6M
See more insights into BOOM stock on TipRanks’ Stock Analysis page.
