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DMC Receives $10.18/shr Buyout Proposal From Steel Connect
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DMC Global Inc. announced a non-binding buyout proposal from Steel Connect at $10.18 per share for its remaining common stock. Following the announcement, DMC's shares rose by 9% in pre-market trading, reaching $8.60 on the Nasdaq. The board of directors will review the proposal.
DMC Global Inc. (BOOM), a holding company, Monday announced the receipt of a non-binding $10.18 per share in cash proposal from Steel Connect for all remaining shares of DMC's common stock.
Shares of DMC Global are increasing by 9% in the pre-market trading.
DMC's board of directors will review the proposal.
In the pre-market trading, DMC Global is 8.59% higher at $8.60 on the Nasdaq.
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