Faro Technologies Hits 3: year high on $920 million acquisition by AMETEK

FARO Technologies

06/05/2025 14:53

Updates

** Shares of 3D measurement software maker FARO Technologies FARO.O jump 34.7% to $42.370 in early trade

** FARO scales its highest level since late April 2022; marks its biggest intraday pct. jump since November 7 last year

** FARO jumps on agreement with industrial tools maker AMETEK AME.N; AME to buy FARO for $44 per share in cash

** Offer price represents a 40% premium to FARO's last closing level

** Offer values FARO at $920 million on an enterprise basis

** AME shares slip 0.9% to $168.76 per share

** FARO up ~66% so far this year, including today's moves

 (Reporting by Sameer Manekar in Bengaluru)

 ((Sameer.Manekar@thomsonreuters.com;))