Fathom Digital's Top Holder Proposes $4.50/Share Buyout

Dow Jones2023-11-27

By Colin Kellaher

Fathom Digital Manufacturing's controlling shareholder has made a non-binding proposal to take the on-demand digital manufacturing platform private.

Fathom on Monday said private-equity firm CORE Industrial Partners, which holds 63% of the Hartland, Wis., company's voting power through its ownership of Class A and Class B common stock, would pay $4.50 a share for the rest of the company, a 7% premium to Friday's closing price of $4.20.

Fathom said a special committee of independent board members is reviewing the proposal.

Fathom was a portfolio company of CORE Industrial before going public in a 2021 combination with a special-purpose acquisition company in a deal that valued the 3-D printing firm at about $1.4 billion when it was announced.

The company currently sports a market capitalization of around $28.7 million based on Friday's closing price.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 27, 2023 08:35 ET (13:35 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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