11:08 AM EST - ATS Automation Tooling Systems Inc. : Has entered into a definitive agreement to acquire BioDot, Inc., a leading manufacturer of automated fluid dispensing systems for $84 million U.S.(~C$106 million), subject to customary post-closing adjustments, representing 9.7x BioDot's FY2022 expected EBITDA or 8.4x post synergies . The transaction is expected to close in the second calendar quarter of 2021, pending the completion of customary regulatory filings. ATS plans to fund the acquisition by drawing on its revolving credit facility. ATS Automation Tooling Systems Inc.
shares T.ATA are trading up $0.44 at $27.03.
