Berkshire grey enters into definitive merger agreement with softbank group for go-private transaction

Bedford, mass., march 24, 2023 (globe newswire) -- berkshire grey, inc. (nasdaq: bgry), (“berkshire grey” or the “company”) today announced that the company has entered into a definitive merger agreement with softbank group corp. and its affiliate (together, “softbank”). under the agreement, softbank will acquire all of the outstanding capital stock of the company not currently owned by softbank for $1.40 per share in an all-cash transaction valued at approximately $375 million. softbank, a strategic investment holding company with stakes in ai, smart robotics, iot, telecommunications, internet services, and clean energy technology providers, has been an investor in berkshire grey since 2019.
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