Mikron Infrared Inc. (NASDAQ: MIKR), which develops sensors and heat switches, has seen its stock price get cut in half since its third-quarter report. Because of the competition, the company is facing extreme pressure on pricing.
Well, the company has decided to go private – in a transaction worth about $65 million. The buyer is LumaSense Technologies, which focuses on chemical sensors.
The premium is reasonable: about 17.6%. But, it is no where near where the stock was just a few months ago.
Yet, in the tech world, things can change fast and unfortunately, this looks like the best alternative for Mikron.
Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.
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