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Acquisition   A 63 percent premium

LMI Aerospace to be acquired by Sonaca Group for $14 per share

LMI AerospaceLMI Aerospace has entered into a merger agreement to be acquired by Sonaca Group, a global aerostructures company headquartered in Gosselies, Belgium.

Under the agreement, LMI shareholders will receive $14 per share in an all-cash transaction. Sonaca’s offer represents a 52 percent premium over LMI’s closing share price on February 16, 2017, of $9.19 per share, a 63 percent premium over LMI’s 3-month volume weighted average price up to and including February 16, 2017, of $8.59 per share.

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This is a 78 percent premium over LMI’s 6-month volume weighted average price up to and including February 16, 2017, of $7.88 per share.

In connection with the merger agreement, Sonaca has obtained debt and equity financing commitments.

The merger agreement, however, does not include, and the consummation of the merger is not conditioned upon satisfaction of, a financing condition.




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