Standex Acquires Minntronix For ~$30M In Cash; Transaction Is Being Financed From Standex's Existing Cash Balance
Portfolio Pulse from Benzinga Newsdesk
Standex International Corporation (SXI) has acquired Minntronix for approximately $30 million in cash. The transaction is being financed from Standex's existing cash balance.
July 31, 2023 | 12:46 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Standex's acquisition of Minntronix, financed from its existing cash balance, could potentially strengthen its market position.
The acquisition of Minntronix by Standex, financed from its existing cash balance, indicates a strategic move to expand or strengthen its market position. This could potentially lead to increased investor confidence and a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100