Added to YB: 2025-03-26
Pitch date: 2025-03-25
VLN.TO [neutral]
Velan Inc.
+0.24%
current return
Author Info
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Company Info
Velan Inc. designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.
Market Cap
CAD 213.7M
Pitch Price
CAD 16.16
Price Target
N/A
Dividend
0.81%
EV/EBITDA
4.02
P/E
-4.45
EV/Sales
0.53
Sector
Machinery
Category
special_situation
Updates On: Velan Inc.
VLN.TO (update): Shareholders approved sale of French division to Framatome for $201.1M, covering asbestos liability. Deal expected to close in weeks. Company sale process to follow. 100% approval from all shareholders, MVS & SVS holders. Awaiting definitive share purchase agreement and closing conditions.
Read full article (2 min)