Fathom Digital Manufacturing Corporation Receives Non-Binding Acquisition Proposal From CORE Industrial Partners, To Acquire All Of The Co's Shares Of Class A And B Common Stock That They Do Not Already Own For $4.50/ Share Cash
Portfolio Pulse from Benzinga Newsdesk
Fathom Digital Manufacturing Corp. (FATH) has received a non-binding acquisition proposal from CORE Industrial Partners to purchase all outstanding shares of Class A and B common stock not already owned by CORE for $4.50 per share. CORE Funds currently owns approximately 63% of FATH's voting power. FATH's Special Committee is reviewing the proposal, with no decisions made or timeline set. There is no certainty that a definitive agreement will be reached or that a transaction will occur.
November 27, 2023 | 1:03 pm
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Fathom Digital Manufacturing Corp. has received a non-binding acquisition offer from CORE Industrial Partners at $4.50 per share for the remaining shares not already owned by CORE.
The acquisition proposal is likely to have a positive short-term impact on FATH's stock price as it represents a potential buyout opportunity. However, since the proposal is non-binding and there is no certainty of a definitive agreement, the impact may be tempered by market uncertainty.
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