Berkshire Grey Enters Merger Agreement With Softbank Group For Go-private Transaction

Berkshire Grey has announced that SoftBank Group Corp. and its affiliate will acquire all of the outstanding capital stock of the warehouse robotics company not currently owned by SoftBank for $1.40 per share in an all-cash transaction valued at approximately $375 million. The agreement, which has been unanimously approved by Berkshire Grey’s board of directors, represents a premium of approximately 24% to the closing stock price as of March 24, 2023. The transaction is expected to close in the third quarter of 2023, subject to the satisfaction of customary closing conditions.