Parisian Family Office, Founder & CEO. Started Wall Street, '82. Drexel Burnham alum in LaJolla, CA. Founded Native American Advisors, Chippewa Partners. '95. Chippewa. Conservative. Raised on reservations. Was NYSE/FINRA arbitrator. Trading O'Neil/CANSLIM methodology at PAMELOT, TN farm, GHOST RANCH, MT, on the Yellowstone River, or CASA TULE', their winter camp in Los Cabos, Mexico. Will always be, a relentless optimist with radical gratitude.

Tuesday, May 06, 2025

FARO

Why?

Why do I only own 1,000 shares?

Ametek has agreed to acquire Faro Technologies in a deal worth $920 million. Ametek plans to buy all of Faro's shares for $44 apiece, the companies said Tuesday. That represents a 40% premium to Faro's closing price on Monday. The boards of directors of both companies unanimously approved the deal. It is expected to close in the second half of this year. Faro provides 3D measurement and imaging solutions. It logged about $342 million in annual sales in 2024. Ametek provides industrial technology and had sales of $6.94 billion last year. "FARO's differentiated 3D metrology and imaging solutions expand our presence in attractive growth markets," Ametek Chief Executive David Zapico said.

No comments: