M&A · Tech · Semiconductors & Related Devices
Mobix Labs, Inc to acquire Emcore Corp
Announced Sep 30, 2024 · Terminated Nov 8, 2024
Deal value$34MEV $34M
Premium200.0%To unaffected price
EV / Adj. EBITDA—0.4x EV / Revenue
ConsiderationAll cash$3.80 per share
Transaction
- Acquirer
- Mobix Labs, Inc (MOBX)
- Target
- Emcore Corp
- Buyer type
- Strategic
- Offer price per share
- $3.80
- Enterprise value
- $34M
- Status
- Terminated Nov 8, 2024
Deal protections
- Break fee (target pays)
- $1.5M · 4.4%
- Reverse fee (buyer pays)
- $2.0M · 5.8%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Not disclosed
- To the target
- Craig-Hallum
Sector context · Tech
- Comparable deals
- 58 in the prior 24 months
- Premium
- 200.0% vs. 45.0% sector median
- EV / Adj. EBITDA
- Sector median 14.7x
- Break fee
- 4.4% vs. 3.0% sector median
Timeline
- AnnouncedSep 30, 2024
- TerminatedNov 8, 2024