AstroNova shareholders met on Arcline acquisition proposal
ALOT•Shareholders approve Arcline merger agreement
AstroNova held a virtual special shareholder meeting earlier today to vote on its sale to Arcline Investment Management.
Shareholders adopted the merger agreement, clearing the way for holders to receive $29 per share in cash at closing.
The transaction has not yet closed; completion is expected on Aug. 26, 2026.
Upon closing, AstroNova is set to become privately held, ending trading of its common stock on Nasdaq.
