Mistras agrees to $866M all-cash buyout by H.I.G. Capital at $20.35 per share

Corporate ActionM&A · Partnership
โดย Seeking Alpha·US·Read original
Summary · why it matters

Mistras Group has agreed to be acquired by investment firm H.I.G. Capital in an all-cash deal carrying an $866M enterprise value, including debt. Under the terms, Mistras shareholders will receive $20.35 per share in cash for each share of common stock they own, a premium of 8% to the company's 30-day volume-weighted average share price and 13% to its 90-day volume-weighted average share price. Once the transaction closes, Mistras shares will no longer be listed on the New York Stock Exchange. The stock gained 3.3% in pre-market trading Friday on the news.

Impact on stocks 1

Industrials · 1 stocks
Mistras Group Inc
MG
▲ PositiveCapitalrelevance

Mistras agreed to an $866M all-cash buyout by H.I.G. Capital at $20.35/share, a premium to its recent trading averages.

Off-coverage companies 1

H.I.G. Capital, LLCPrivate± Mixed
Capitalrelevance

H.I.G. Capital is the acquirer in the all-cash buyout, but the article gives no detail on the deal's impact on H.I.G. itself.