DALSA shoots down acquisition rumours

DALSA LogoDALSA, a leader in high performance digital imaging and semiconductors, confirmed that as of yesterday the company is not in any discussions with respect to any strategic transaction, including a potential acquisition. The release also mentioned that the company will no longer comment on acquisition rumours and market speculation. 

The stern corporate statement is in response to a Dow Jones article posted yesterday, that speculated that DALSA was nearly acquired by a U.S. private-equity firm in a transaction valued in the mid-teens per share. DALSA’s shares have a current market value of $10.25 per share, prior to trading on Wednesday. 

The article has next to no concrete information on a potential deal, and all officials contacted either declined to comment or were not available to discuss the topic. As of right now it is hard to say if this total speculation or the first news leak in a growing story.

Over the past four years revenues at the digital imaging and semiconductor specialist have see-sawed, ranging from a high of $205.96 million in 2008 to a low of $162.54 million in 2009. During the same period, the company maintained positive net earnings in each year except 2008, in which it reported a loss of $18.58 million.