Berkshire Grey Confirms Receipt of Indication of Interest from SoftBank
10 Febrero 2023 - 3:48PM
Berkshire Grey Inc. (Nasdaq: BGRY), (“Berkshire Grey” or the
“Company”), a leader in AI-enabled robotic solutions that automate
supply chain processes, today confirmed that it has received a
non-binding indication of interest from SoftBank Group Corp.
(“SoftBank”) to acquire all of the outstanding capital stock of the
Company for $1.30 per share in cash. The terms of any potential
agreement between Berkshire Grey and SoftBank would be contingent
on certain conditions, including completion of due diligence review
and negotiation of definitive transaction documents.
Berkshire Grey also notes that it is currently evaluating
various alternative options, including potential financing
transactions. Berkshire Grey’s Board of Directors will carefully
evaluate SoftBank’s indication of interest within the context of
the ongoing review of various alternatives and in consultation with
its financial and legal advisors.
No assurance can be given that a definitive transaction with
respect to SoftBank’s indication of interest or any other potential
transaction will eventually be consummated. Berkshire Grey does not
intend to make further announcements about any of the various
alternatives that are being evaluated unless and until the Board of
Directors has approved a specific transaction or otherwise
determines that further disclosure is appropriate or necessary.
About Berkshire GreyBerkshire Grey, Inc.,
(Nasdaq: BGRY) helps customers radically change the essential way
they do business by delivering game-changing technology that
combines AI and robotics to automate fulfillment, supply chain, and
logistics operations. Berkshire Grey solutions are a fundamental
engine of change that transform pick, pack, move, store, organize,
and sort operations to deliver competitive advantage for
enterprises serving today’s connected consumers. Berkshire Grey
customers include Global 100 retailers and logistics service
providers. More information is available
at www.berkshiregrey.com.
Berkshire Grey and the Berkshire Grey logo are registered
trademarks of Berkshire Grey. Other trademarks referenced are the
property of their respective owners.
To learn more about Berkshire Grey, please
visit BerkshireGrey.com and follow Berkshire Grey
on Facebook, LinkedIn, Twitter and YouTube.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may be considered
forward-looking statements, such as statements relating to the
views of Berkshire Grey’s management with respect to future events
and financial performance, including statements relating to the
non-binding indication of interest from SoftBank, any potential
acquisition of Berkshire Grey’s capital stock by SoftBank, and any
other potential alternative transaction, including potential
financing transactions. All statements other than statements of
historical facts contained in this communication are
forward-looking statements. In some cases, you can identify
forward-looking statements by terms such as “may,” “will,”
“should,” “expect,” “plan,” “anticipate,” “could,” “intend,”
“target,” “project,” “contemplate,” “believe,” “estimate,”
“predict,” “potential” or “continue” or the negative of these terms
or other similar expressions. The forward-looking statements in
this press release are only predictions. Berkshire Grey has based
these forward-looking statements on current information and
management’s current expectations and beliefs. Such forward-looking
statements are subject to risks, uncertainties and other factors
which could cause actual results to differ materially from
historical experience or from future results expressed or implied
by such forward-looking statements. Potential risks and
uncertainties include, but are not limited to, uncertainty as to
the pricing, timing or terms of any transaction with SoftBank or
any other alternative transactions and other factors which can be
found in Berkshire Grey’s filings with the Securities and Exchange
Commission. Any forward-looking statement speaks only as of the
date on which it is made. Berkshire Grey does not undertake or
assume any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Contacts:
Investors: Ian RhoadesSharon Merrill
Associates,
Inc.BGRY@investorrelations.com
MediaMethod Communications for
Berkshire
Greyberkshiregrey@methodcommunications.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0d1d9656-28cc-4b73-959a-561710df7f99
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