Meta Materials to acquire Nanotech for $91m.

Meta Materials, a smart materials and photonics company, agreed to acquire Nanotech, a manufacturer and distributor of nano-optic products that have brand protection and enhancement applications, for $91m. “We are pleased to announce this transaction with META, which offers our securityholders an attractive valuation and significant premium to the recent trading price of the company’s shares. The transaction is also expected to provide Nanotech with greater access to capital to accelerate its commercialization and growth strategies. After careful consideration, the special committee and the company’s board have both unanimously concluded that the transaction is fair to Nanotech’s securityholders and is in the best interests of the company and its employees," D. Neil McDonnell, Nanotech Chair of the Board and Special Committee.