AstroNova, Inc. (NASDAQ: ALOT) has agreed to be acquired by Arcline Investment Management in an all-cash deal valued at approximately $272 million.
The company’s shareholders will receive $29.00 per share, a 120 percent premium over the 90-day volume weighted average price ending June 16, 2026.
The acquisition, unanimously approved by AstroNova’s Board, follows a strategic review aimed at maximizing shareholder value.
Upon completion, AstroNova will transition to a privately held company. The deal is pending shareholder approval and is expected to close in the third quarter of 2026.
Jorik Ittmann, President and CEO of AstroNova, said, “This transaction marks an important milestone for AstroNova. Our teams have worked hard over the last year to strengthen the business and position the Company for sustainable growth.”
 will be acquired by Arcline Investment Management in a $272 million all-cash deal.){kind=link}