Brief: Dmc Global To Acquire 60% Controlling Interest In Arcadia Inc

Dmc Global

17/12/2021 13:16

Dec 17 (Reuters) - DMC Global Inc  BOOM.O :
    * DMC GLOBAL TO ACQUIRE 60% CONTROLLING INTEREST IN ARCADIA
INC.
    * DMC GLOBAL INC - ACQUISITION EXPECTED TO BE ACCRETIVE TO
EARNINGS IN 2022
    * DMC GLOBAL INC - TO ACQUIRE A 60% CONTROLLING INTEREST IN
PRIVATELY HELD ARCADIA INC. FOR $282.5 MILLION IN CASH AND DMC
STOCK
    * DMC GLOBAL INC - $262.0 MILLION OF PURCHASE PRICE TO BE
PAID IN
CASH AND $20.5 MILLION WILL BE PAID IN DMC STOCK
    * DMC GLOBAL INC - CASH PORTION TO BE FINANCED WITH CASH AND
MARKETABLE SECURITIES ON DMC'S BALANCE SHEET AND FUNDS FROM A
$150.0 MILLION SENIOR CREDIT FACILITY
    * DMC GLOBAL INC - TO ACQUIRE REMAINING 40% INTEREST IN
ARCADIA
THROUGH A THREE-YEAR PUT AND CALL OPTION WITH A FLOOR VALUATION
OF $187.1 MILLION
    * DMC GLOBAL INC - TOTAL IMPLIED TRANSACTION VALUE IS $469.6
MILLION
    * DMC GLOBAL INC - ARCADIA WILL OPERATE AS A STANDALONE
BUSINESS
OF DMC AND WILL BE LED BY JIM SCHLADEN AND HIS MANAGEMENT TEAM.

Source text for Eikon:  ID:nGNX5wm6qn 
Further company coverage:  BOOM.O 

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