What changed
Bowman Consulting said its 35-day "go-shop" period ended September 13, 2026, with no alternative acquisition proposals received. During the period, the company contacted 76 potentially interested parties, signed confidentiality agreements with 8, and no party qualified as an "Excluded Party." The previously announced all-cash merger with Bernhard Capital Partners remains at $43.00 per share, an enterprise value of approximately $1.0 billion, a 58% premium to Bowman's unaffected closing price on August 7, 2026, and a 57% premium to its 30-day volume-weighted average price. The deal is expected to close in the fourth quarter of calendar year 2026, subject to shareholder and regulatory approvals.
Why it matters
Bowman Consulting said its 35-day "go-shop" period ended September 13, 2026, with no alternative acquisition proposals received. During the period, the company contacted 76 potentially interested part