Fathom Digital’s Top Holder Proposes $4.50/Share Buyout – blogwspace.com

Fathom Digital’s Top Holder Proposes $4.50/Share Buyout

Published: Nov. 27, 2023 at 8:35 a.m. ET

By Colin Kellaher

Fathom Digital Manufacturing’s controlling shareholder has made a non-binding proposal to take the on-demand digital manufacturing platform private.

Fathom on Monday said private-equity firm CORE Industrial Partners, which holds 63% of the Hartland, Wis., company’s voting power through its ownership of Class A and Class B…

By Colin Kellaher

Fathom Digital Manufacturing’s controlling shareholder has made a non-binding proposal to take the on-demand digital manufacturing platform private.

Fathom on Monday said private-equity firm CORE Industrial Partners, which holds 63% of the Hartland, Wis., company’s voting power through its ownership of Class A and Class B common stock, would pay $4.50 a share for the rest of the company, a 7% premium to Friday’s closing price of $4.20.

Fathom said a special committee of independent board members is reviewing the proposal.

Fathom was a portfolio company of CORE Industrial before going public in a 2021 combination with a special-purpose acquisition company in a deal that valued the 3-D printing firm at about $1.4 billion when it was announced.

The company currently sports a market capitalization of around $28.7 million based on Friday’s closing price.

Write to Colin Kellaher at [email protected]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post Best CSGO Gambling Sites
Next post FPI debt inflows at 26-month high in Nov on Fed rate pause
Privacy Policy