Atlas Copco to Buy Perceptron for About $68.9 Million
September 28 2020 - 8:06AM
Dow Jones News
By Colin Kellaher
Perceptron Inc. on Monday said it agreed to be acquired by
Swedish industrial tool maker Atlas Copco AB for $7 a share, or
about $68.9 million, in cash.
The deal represents a roughly 71% premium to Friday's closing
price of $4.09 for the Plymouth, Mich., provider of 3D automated
metrology solutions.
Perceptron said Harbert Discovery Fund L.P., its largest
shareholder with a 10.5% stake, has agreed to support the deal,
which it expected to close by the end of the year.
Trading in shares of Perceptron was halted premarket on
Monday.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 28, 2020 07:51 ET (11:51 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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