DMC Global comments on Steel Connect’s unsolicited proposal

DMC Global (BOOM) commented on Steel Connect’s (STCN) recent unsolicited proposal. DMC’s board of directors previously announced a review of strategic alternatives. The Board will consider the Proposal as part of its ongoing deliberations, in consultation with its legal and financial advisors and in accordance with its fiduciary duties. In the meantime, stockholders need not take any action. There can be no assurance that the Board’s review of strategic alternatives and options will result in any transaction or other alternative, nor any assurance as to its outcome or timing.