m_and_a
confidence high
sentiment positive
materiality 0.75
FARO supplements proxy in AMETEK merger; US, German, Austrian antitrust cleared
FARO TECHNOLOGIES INC
- FTC granted early termination of HSR waiting period on June 12; German and Austrian cartel offices cleared the merger June 26–28.
- Romanian antitrust approval remains outstanding for the $44/share all-cash deal with AMETEK.
- Two shareholder lawsuits filed in NY state court allege inadequate proxy disclosures; FARO voluntarily supplements financial analyses and deal process details.
- Supplemental disclosures include Evercore DCF assumptions (4%–6% terminal growth, 12.5%–14.5% WACC) and expanded precedent transaction and public company analyses.
- FARO reaffirms board recommendation to vote FOR the merger at July 15 special meeting.
item 8.01