Earlier this week, D Mecatronics announced that a European Investment company inquired about a possible business combination. In the press release the CEO, Berardino Paolucci, stated, “They are interested in speaking to D Mecatronics about a potential merger or acquisition.”
Today the company announced that the European Investment company is not interested in a merger, but instead are interested in purchasing all of D Mecatronics assets. The CEO stated that investment company sees tremendous upside in D Mecatronics and has a very aggressive growth strategy in mind.
Mr. Paolucci concluded the press release commenting, “The Board of Directors for D Mecatronics Inc. expects to have a formal response to this purchase offer within 72 hours, and we will inform all our shareholders at that time,” stated Mr. Paolucci.
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