secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2026-09-18T20:05:33+00:00
Accession:  0001140361-26-037107
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mistras Group to be acquired by H.I.G. Capital for $20.35/share cash
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- All-cash deal values Mistras at ~$866M enterprise value including debt; $20.35 per share.
- Premium of ~8% and 13% to 30- and 90-day VWAPs; 61% above Dec 31, 2025 close.
- Closing requires stockholder majority, HSR waiting period, regulatory approvals; no financing condition.
- Go-shop period 40 days; termination fee $27.5M (50% if superior proposal during go-shop).
- Retention bonuses: CEO Shuman $750K, CFO Prajzner $425K, COO Hammad $425K, CCO D'Alterio $245K; directors/officers hold ~31% voting agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000114036126037107/0001140361-26-037107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000114036126037107/ef20082419_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-037107

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