UFP Technologies to be Acquired by Arcline for $1.1 Billion

Ticker: UFPT · Form: 8-K · Filed: Aug 26, 2024 · CIK: 914156

Ufp Technologies Inc 8-K Filing Summary
FieldDetail
CompanyUfp Technologies Inc (UFPT)
Form Type8-K
Filed DateAug 26, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Sentimentbullish

Sentiment: bullish

Topics: acquisition, merger, private-equity

TL;DR

UFP Tech going private! Arcline buying for $1.1B ($45/share cash). Deal closes Q4.

AI Summary

UFP Technologies, Inc. announced on August 26, 2024, that it has entered into a definitive agreement to be acquired by an affiliate of Arcline Investment Management. The transaction is valued at approximately $1.1 billion, with shareholders set to receive $45.00 per share in cash. The deal is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Why It Matters

This acquisition by Arcline Investment Management signifies a major change in ownership for UFP Technologies, potentially impacting its strategic direction and operations.

Risk Assessment

Risk Level: medium — The deal is subject to customary closing conditions, which introduces a degree of uncertainty until completion.

Key Numbers

  • $1.1B — Acquisition Value (Total amount Arcline Investment Management is paying for UFP Technologies.)
  • $45.00 — Price Per Share (Cash amount each UFP Technologies shareholder will receive.)

Key Players & Entities

  • UFP Technologies, Inc. (company) — Company filing the report and being acquired
  • Arcline Investment Management (company) — Acquiring entity
  • $1.1 billion (dollar_amount) — Total value of the acquisition
  • $45.00 (dollar_amount) — Price per share for shareholders
  • August 26, 2024 (date) — Date of the report and announcement
  • fourth quarter of 2024 (date) — Expected closing period for the acquisition

FAQ

Who is acquiring UFP Technologies?

An affiliate of Arcline Investment Management is acquiring UFP Technologies.

What is the total value of the transaction?

The transaction is valued at approximately $1.1 billion.

How much will shareholders receive per share?

Shareholders will receive $45.00 per share in cash.

When is the acquisition expected to close?

The acquisition is expected to close in the fourth quarter of 2024.

What are the conditions for the deal to close?

The deal is subject to customary closing conditions.

Filing Stats: 569 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-08-26 16:15:29

Filing Documents

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. UFP Technologies, Inc. (the "Company") has attached hereto as Exhibit 99.1 a copy of updated presentation materials concerning its business that it intends to use in connection with meetings with investors and other interested parties and in connection with presentations and speeches to various audiences. Limitation on Incorporation by Reference . The information furnished in this Item 7.01, including the presentation attached hereto as Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing. Cautionary Note Regarding Forward-Looking Statements . Except for historical information contained in the presentation attached as an exhibit hereto, the presentation contains forward-looking by these statements. Please refer to the cautionary notes in the presentation regarding these forward-looking statements.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: August 26, 2024 UFP TECHNOLOGIES, INC. By: /s/ Ronald J. Lataille Ronald J. Lataille, Chief Financial Officer and Senior Vice President

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