24/7 Market News Snapshot 10 February, 2025 – DMC Global Inc. Common Stock (NASDAQ:BOOM)
DENVER, Colo., 10 February, 2025 (247marketnews.com) – (NASDAQ:BOOM) are discussed in this article.
DMC Global Inc. (NASDAQ:BOOM) commenced trading today at $8.81 and has experienced significant upward movement, rising approximately 10.78% with a current trading price of $8.774. The stock’s robust performance reflects strong investor interest, as indicated by a trading volume of 572.02K shares. This positive price action suggests favorable market sentiment, possibly linked to recent developments within the company.
In a notable announcement, DMC Global revealed that it has received a non-binding acquisition proposal from Steel Connect, which aims to acquire all outstanding shares of the company’s common stock not already owned by it, at a price of $10.18 per share in cash. The Board of Directors is committed to a thorough review of this proposal, in consultation with financial and legal advisors, ensuring alignment with its fiduciary responsibilities. Importantly, shareholders are advised to refrain from taking immediate action while the Board conducts its evaluation.
The Board’s review is subject to Steel Connect’s further due diligence, and there is no certainty that a definitive agreement will be established or that the transaction will proceed. DMC Global, renowned for its innovative, asset-light manufacturing businesses, serves diverse sectors through its subsidiaries which include Arcadia, DynaEnergetics, and NobelClad.
To assist in navigating this potential acquisition, DMC Global has engaged BofA Securities as its financial advisor, with Womble Bond Dickinson (US) LLP and Richards, Layton & Finger, P.A. providing legal counsel. Furthermore, Sodali & Co. will offer stockholder advice, while Gagnier Communications LLC will assist with strategic communications. DMC Global is dedicated to maximizing shareholder value and will keep stakeholders informed as the review process unfolds.