DecisionPoint Systems Shares Leap Premarket on Deal to Go Private

Dow Jones05-01

By Colin Kellaher

Shares of DecisionPoint Systems surged in premarket trading after the enterprise services and solutions company agreed to be acquired by private investment firm Graham Partners in a $78.5 million deal.

DecisionPoint on Wednesday said its investors will receive $10.22 a share in cash, a 27% premium to Tuesday's closing price of $8.05 for the Delray Beach, Fla., company.

The deal is slated to close in July.

DecisionPoint shares were recently up nearly 24% to $9.95 in premarket trading.

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

(END) Dow Jones Newswires

May 01, 2024 07:26 ET (11:26 GMT)

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