Koito Manufacturing to Acquire Cepton for $125.4 Million in Cash

Lidar solutions provider Cepton, Inc. (CPTN) entered a merger agreement on July 29, 2024, to be acquired by Japan-based Koito Manufacturing Co. Ltd for $125.4 million.

Deal Structure:

As per the agreement, Koito will acquire all of Cepton’s remaining outstanding shares that it does not already own for $3.17 per share in cash, representing a 25.3% premium from the stock’s last close.

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