DMC Global responds to Steel Connect interest; board evaluating acquisition proposal

DMC Global Inc.

Steel Connect sent a letter to DMC's board on January 27, 2025, expressing interest in acquiring the company.
DMC signed a non-disclosure agreement with Steel Connect in October 2024 and began providing information immediately.
Board states it is committed to evaluating all alternatives, including standalone plan and potential sale.
BofA Securities is acting as DMC's financial advisor; legal advisors include Womble Bond Dickinson and Richards Layton.

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