Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, have closed the acquisition of Cubic for approximately $3 billion.
Cubic said Tuesday it will remain headquartered in San Diego and stop trading on the New York Stock Exchange under the go-private transaction.
Cubic stockholders approved an amended buyout offer of Veritas and Evergreen on April 27. In late March, Cubic signed a revised agreement with the two private equity firms that would allow it to be acquired for $75 in cash per share under an all-cash transaction that includes the assumption of debt.
J.P. Morgan Securities acts as lead financial adviser to Cubic and Sidley Austin and Faegre Drinker Biddle & Reath advise the company on the deal’s legal aspects. Raymond James & Associates shared its insights on the transaction with Cubic’s board.
Skadden, Arps, Slate, Meagher & Flom serves as Veritas Capital’s legal counsel. Evergreen’s legal adviser in the transaction is Gibson, Dunn & Crutcher.
"wire" - Google News
May 26, 2021 at 05:00PM
https://ift.tt/3unn7qo
Veritas Capital, Evergreen Wrap Up Cubic Acquisition - GovCon Wire
"wire" - Google News
https://ift.tt/2YtvSDd
https://ift.tt/2VUOqKG
Bagikan Berita Ini
0 Response to "Veritas Capital, Evergreen Wrap Up Cubic Acquisition - GovCon Wire"
Post a Comment