The announced deal gives Mistras shareholders $20.35 in cash per share, creating a clear cash value for the company. That cash price and H.I.G. Capital's backing make this a positive outcome for Mistras, and the market moved higher on the news.
Forward Industries announced an updated non-binding proposal to acquire SkyAI and its shares rose, but the proposal is not a signed deal so the news does not change the company's outlook.