By Colin Kellaher
SigmaTron International has struck a deal to be acquired by private equity firm Transom Capital Group at an enterprise value of about $83 million.
SigmaTron on Wednesday said Transom has agreed to pay $3.02 a share in cash for the Elk Grove Village, Ill., company, more than double Tuesday's closing price of $1.29.
The deal is slated to close by the end of September.
Trading in shares of SigmaTron was halted premarket on Wednesday.
Los Angeles-based middle-market firm Transom Capital has about $1.35 billion in assets under management.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 21, 2025 08:15 ET (12:15 GMT)
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