DMC Global (BOOM) Responds to Steel Connect

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Go back to DMC Global (BOOM) Responds to Steel Connect

DMC Global Board Responds to Steel Connect

September 19, 2024 8:00 AM EDT

BROOMFIELD, Colo., Sept. 19, 2024 (GLOBE NEWSWIRE) -- DMC Global (NASDAQ: BOOM) (DMC or the Company) today announced its Board of Directors (the Board) responded to a press release from Steel Connect, Inc. (Steel Connect) in connection with its May 31, 2024, unsolicited offer to acquire DMC, and a related offer on September 17 to acquire the Company, or alternatively, its DynaEnergetics and NobelClad businesses.

Since the initial offer, the Board directly, and through its financial and legal advisors, has repeatedly offered Steel Connect an opportunity to participate in the Boards review of strategic alternatives... More