ARC Document Solutions, Inc. (ARC) entered a merger agreement on August 28, 2024, with TechPrint Holdings, LLC, to be acquired for $202.26 million in cash.
As per the agreement, each outstanding share of ARC’s common stock will be converted into the right to receive $3.40 in cash from TechPrint, an affiliate of Chairman and CEO Kumarakulasingam Suriyakumar and other key executives, representing a premium of 10.03% from the stock’s last closing.