Private equity firm Arcline Investment Management has agreed to acquire and take data visualisation and printing technology company AstroNova Inc private in a transaction valued at approximately $272m, according to a report by the Wall Street Journal.
Under the terms of the agreement, Arcline will pay $29 per share in cash, representing a significant premium to AstroNova’s prior closing price of $16.69. The deal has received unanimous approval from the company’s board following a review of strat...
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