Brief: DMC Global Board Responds to Steel Connect

Dmc Global

19/09/2024 13:54

Sept 19 (Reuters) - DMC Global Inc  BOOM.O :
    * DMC GLOBAL: RESPONDED TO RELEASE FROM STEEL CONNECT IN
CONNECTION TO MAY 31, UNSOLICITED OFFER TO BUY CO, AND RELATED
OFFER ON SEPT 17 TO BUY CO
    * DMC GLOBAL INC - STEEL CONNECT HAS DEMANDED DETAILS OF ALL
OFFERS AND INDICATIONS OF INTEREST PROVIDED BY OTHER
PARTICIPANTS IN PROCESS
    * DMC GLOBAL INC -  STEEL CONNECT DEMAND IS UNACCEPTABLE AS
IT
INTERFERES WITH CO BOARD'S ROLE IN MANAGING STRATEGIC REVIEW
PROCESS
    * DMC GLOBAL INC - BOARD WOULD LOOK FORWARD TO EXCHANGING
INFORMATION AND ENGAGING WITH STEEL CONNECT, SUBJECT TO ENTERING
INTO AGREEMENT

Source text for Eikon:  ID:nGNX57RZj5 
Further company coverage:  BOOM.O 

 ((Reuters.Briefs@thomsonreuters.com;))