MergerJul 16, 2026, 05:31 PM
Distribution Solutions Group to be Taken Private for $35.00/Share
AI Summary
Distribution Solutions Group (DSG) has entered into a definitive merger agreement to be taken private by affiliates of LKCM Headwater Investments for $35.00 per share in cash. This price represents an 81% premium over the company's closing share price on March 13, 2026, and an increase of $5.50 from the initial proposal. Upon completion of the transaction, DSG will become a privately held company, and its common stock will no longer be listed on Nasdaq. The deal was unanimously recommended by a Special Committee of disinterested directors and subsequently approved by the Board.
Key Highlights
- Distribution Solutions Group (DSG) entered a definitive merger agreement to be taken private.
- Affiliates of LKCM Headwater Investments, which already own approximately 79% of DSG, are the acquirers.
- Shareholders will receive $35.00 per share in cash for their common stock.
- The offer price represents an 81% premium to DSG's closing share price of $19.31 on March 13, 2026.
- The $35.00 per share is an increase of $5.50 over LKCM Headwater's initial proposal of $29.50.
- Upon completion, DSG will become a privately held company and delist from Nasdaq.
- A Special Committee of disinterested directors unanimously recommended the transaction.
- LKCM Headwater Investments IV, L.P. provided a limited guarantee of up to $30,000,000 for certain obligations.
Price Impact
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