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DMC Global ( (BOOM) ) has issued an announcement.
On February 12, 2025, DMC Global Inc. rejected a non-binding proposal from Steel Connect to acquire all outstanding shares for $10.18 per share, considering it undervalues the company’s potential and overlooks significant progress made in its Arcadia and DynaEnergetics divisions. The company’s board highlighted that the offer does not account for the recent stabilization and growth initiatives, such as Arcadia’s strategic positioning in Southern California’s reconstruction efforts and DynaEnergetics’ technological advancements in North America’s energy sector. Additionally, DMC has initiated a CEO search to guide its future value creation path.
More about DMC Global
DMC Global is an operator of innovative, asset-light manufacturing businesses providing unique, highly engineered products and solutions. They have established leadership positions in markets such as architectural building products through Arcadia, the global energy industry via DynaEnergetics, and the industrial infrastructure and transportation sectors with NobelClad. Based in Broomfield, Colorado, DMC trades on Nasdaq under the symbol ‘BOOM.’
YTD Price Performance: 16.69%
Average Trading Volume: 220,739
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $171.4M
Find detailed analytics on BOOM stock on TipRanks’ Stock Analysis page.
