Arcline Investment Management to Acquire AstroNova, Inc. in a Cash Deal Valued at $272 Million
Arcline Investment Management has announced a merger agreement with AstroNova, Inc. (ALOT) in a deal valued at $272 million. Deal Structure: Under the terms of the agreement,…
Written byAsif SuriaSource: InsideArbitrage
Arcline Investment Management has announced a merger agreement with AstroNova, Inc. (ALOT) in a deal valued at $272 million. Deal Structure: Under the terms of the agreement, AstroNova shareholders will receive $29.00 per share in cash. This represents a 73.76% premium on AstroNova, Inc.’s last closing price. In the event of a termination of the