M&A
confidence high
sentiment neutral
materiality 0.85
Nordson to acquire Atrion for $460/share in cash, ~$810M enterprise value
NORDSON CORP
- Per-share consideration of $460 in cash; deal valued at ~$810M based on 1.76M shares outstanding.
- Shareholders representing ~22% of Atrion shares have agreed via Voting Agreements to vote in favor.
- Transaction requires Atrion shareholder approval, HSR clearance, and other conditions; expected to close by February 2025.
- Atrion owes $20M termination fee if it accepts a superior proposal; Nordson owes ~$40.7M if antitrust issues block deal.
- Atrion equity awards (RSUs) will be cancelled and converted to cash at $460 per underlying share at closing.