secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2022-05-17T23:59:59+00:00
Accession:  0001171843-22-003747
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearfield to acquire Nestor Cables for ~$23M; plans Mexico fiber production in 2023
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- Total acquisition value approx. US$23M; ~$17M cash at close from credit facility.
- Nestor generated EUR 31.7M revenue in 2021; serves customers in 50+ countries.
- Clearfield plans to begin fiber optic cable production in Mexico by early 2023.
- Deal expected to close in a few months, subject to Finnish foreign acquisition screening.
- Accretive to Clearfield earnings; Nestor to operate as subsidiary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184322003747/0001171843-22-003747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184322003747/f8k_051622.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-003747

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