By Dean Seal
AstroNova has agreed to be purchased and taken private by the private equity firm Arcline Investment Management in a deal valued at $272 Million.
The data visualization and printing technology company said Wednesday that the deal calls for Arcline to pay $29 in cash for each of its shares. The stock closed the market on Tuesday at $16.69.
The transaction has already received unanimous approval from AstroNova's board and follows a company review of strategic alternatives.
The acquisition requires the approval of AstroNova shareholders and is expected to close in the third quarter.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 17, 2026 08:49 ET (12:49 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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