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CyberOptics Announces Agreement to be Acquired by Nordson Corporation
CyberOptics Agrees to be Acquired for $54.00 Per Share in Cash MINNEAPOLIS--(BUSINESS WIRE)-- CyberOptics Corporation (NASDAQ: CYBE) today announced that its
About this update from Nordson Corporation
[{"type":"text","content":"\nCyberOptics Agrees to be Acquired for $54.00 Per Share in Cash\n\n MINNEAPOLIS--(BUSINESS WIRE)--\nCyberOptics Corporation (NASDAQ: CYBE) today announced that its Board of Directors has unanimously approved a definitive agreement pursuant to which Nordson Corporation (NASDAQ: NDSN) will acquire CyberOptics for $54.00 per share in cash for each outstanding share of common stock held. This purchase price represents a 47 percent premium to CyberOptics average closing stock price over the last 30 days and a 11 percent premium to CyberOptics 52-week high closing price.\n\n“This is a compelling transaction that delivers substantial and immediate cash value to our shareholders and expands options for our customers going forward,” said Dr. Subodh Kulkarni, President and Chief Executive Officer. “We believe the combination has strong strategic logic and creates the right partnership to meet the evolving needs of our customers and growth opportunities for our employees.”\n\nThe boards of directors of both companies have approved the transaction, which is subject to approval by the holders of CyberOptics Corporation common stock, the expiration or termination of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and other customary closing conditions. The transaction is expected to close before the end of 2022.\n\nBarclays acted as exclusive financial advisor and Stinson LLP acted as legal advisor to CyberOptics Corporation.\n\nAbout CyberOptics\n\nCyberOptics Corporation (www.cyberoptics.com) is a leading global developer and manufacturer of high-precision 3D sensing technology solutions. CyberOptics’ sensors are used for inspection and metrology in the SMT and semiconductor markets to significantly improve yields and productivity. By leveraging its leading-edge technologies, the Company has strategically established itself as a global leader in high precision 3D sensors, allowing CyberOptics to further increase its penetration of key vertical markets. Headquartered in Minneapolis, Minnesota, CyberOptics conducts worldwide operations through its facilities in North America, Asia and Europe.\n\nImportant Information About the Transaction and Where to Find It\n\nIn connection with the proposed transaction, the Company plans to file a proxy statement (the “Proxy Statement”) with the Secur...