Nordson to acquire CyberOptics for $54/share

utah778

• Nordson (NASDAQ:NDSN) has agreed to acquire CyberOptics (NASDAQ:CYBE) in an all-cash transaction valued at $54/share, or ~$380M net of cash acquired
• The purchase price represents a 47% premium to CyberOptics (CYBE) average closing stock price over the last 30 days and a 11% premium to its 52-week high closing price.
• Headquartered in Minneapolis, Minnesota, CyberOptics (CYBE) develops high-precision 3D optical sensing technology solutions and generates ~$100M in annual revenue.
• The acquisition will elevate Nordson's (NDSN) test and inspection platform, providing differentiated technology that expands its product offering in the semiconductor and electronics industries.
• The deal has been unanimously approved by CyberOptics (CYBE) board of directors. It is expected to close in Nordson's (NDSN) first quarter fiscal 2023, pending applicable regulatory and shareholder approvals.

Comments

[Philip Marlowe]

Great news for CYBE shareholders! I think Nordson are getting CYBE for cheap, but alas who am I to argue with the unanimous board of directors. But I will hold on and hope for a bidding war.