Reuters: CompoSecure to Bid $5 Billion for Husky Technologies

According to a *Wall Street Journal* report cited by Reuters, CompoSecure, a fintech company backed by former Honeywell CEO David Cote, is poised to acquire Husky Technologies from Platinum Equity in a deal valued at approximately $5 billion, including debt. The acquisition is expected to be partially funded by a private investment in public equity (PIPE) of around $2 billion, offered at a price of $18.50 per share. An additional $1.1 billion investment will come from Cote's family office. As part of the agreement, Platinum Equity will roll over approximately $1 billion, retaining a stake of just under 20% in the combined entity. CompoSecure specializes in the production of metal payment cards, while Husky Technologies provides injection molding systems and services to the plastics industry. Reuters indicated that it was unable to independently confirm the details of the report at the time of publication.