Houston Wire & Cable to be acquired by OmniCable for $5.30 per share

  • OmniCable will acquire all outstanding common shares of Houston Wire & Cable (NASDAQ:HWCC) for $5.30 per share in an all-cash transaction valued at $91M.
  • OmniCable is a subsidiary of Dot Holdings Co, which is owned by Dot Family Holdings, owners and operators of Dot Foods, Inc., the largest food industry redistributor in North America.
  • The price represents a premium of 39% to HWCC’s closing price of $3.80 on March 24, 2021.
  • HWCC's Board unanimously approved the transaction.
  • The agreement includes a 30-day "go-shop" period expiring on April 24, 2021, which permits HWCC’s Board of Directors and advisors to solicit alternative acquisition proposals from third parties.
  • Shares +40% premarket.

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