Mirion Technologies gains after boosted stock, convertible offerings for M&A

Mirion Technologies

26/09/2025 12:19

** Shares of radiation detection firm Mirion Technologies MIR.N up 3.1% premarket to $22.10 after above-target M&A-related capital raise

** Mirion early Fri announced pricing ~17.3 mln shares at $21.35 for about $369.6 mln gross raise, and said it priced private offering of $325 mln 0% convertible bonds due 2031

** MIR shares on Thurs closed down 2.5% at $21.43 after co unveiled concurrent offerings of $600 mln to fund acquisition of Paragon Energy Solutions, a solutions provider for nuclear power industry

** Initial conversion price for bonds offering set 35% above stock's last close at $28.82

** Goldman Sachs, Evercore, Citigroup, Morgan Stanley, Baird and Truist acting as joint bookrunners for the equity offering

** Through Thurs close, MIR shares up ~23% YTD

** All 7 analysts covering MIR shares are bullish with median PT of $23, latest LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))