Arxis corrects terms of Omnetics deal, values acquisition at about $770 million
Reuters2026/08/18 13:32Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
- Arxis issued a corrected version of its Aug. 18, 2026 release on completing the Omnetics Connector acquisition.
- Correction states the deal was valued at about $770 million enterprise value, subject to customary closing adjustments.
- At closing, Arxis issued 13,351,964 Class A shares to former Omnetics shareholders, about 3.1% of total common stock.
- Updated disclosure cites a combined purchase price multiple of about 12x FY27 estimated adjusted EBITDA, including MagCanica.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arxis Inc. published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Kaiser Aluminum Down Over 13%, on Pace for Largest Percent Decrease Since July 2024 -- Data Talk
Dow Jones•2026/08/18 15:58
Amazon invests more than $40 billion in Arizona infrastructure, employee pay
Reuters•2026/08/18 15:57
Sabadell director general Marcos Prat sells EUR 543,000 worth of shares
Reuters•2026/08/18 15:56
