India, July 16 -- Distribution Solutions Group, Inc. (DSGR), on Thursday announced that it has agreed to be acquired by affiliates of investment firm LKCM Headwater Investments, LLC for $35.00 per share in cash.
In pre-market activity on Nasdaq, shares of Distribution solutions were up 25.04 percent, changing hands at $34.36, after closing Wednesday's regular session 0.40 percent lower.
LKCM Headwater and its affiliates currently own approximately 79% of DSG's outstanding common stock. Under the agreement, a newly formed entity controlled by LKCM Headwater will buy all remaining shares it does not already own.
The $35.00 per share price is $5.50 higher than LKCM Headwater's initial non-binding proposal of $29.50 made on March 14, and rep...