CPAC, Inc. (CPAK) to be Acquired by Buckingham Capital Partners for $8.65 Per Share
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CPAC, Inc. (NASDAQ: CPAK) has entered into a definitive merger agreement under which affiliates of Buckingham Capital Partners II, L.P. will acquire all the outstanding shares of CPAC, Inc., for approximately $42.8 million, plus the assumption of approximately $6.7 million in debt.
Under the terms of the merger agreement, CPAC shareholders will receive $8.65 in cash for each share of CPAC common stock they hold, representing a 16% premium over the average closing price of CPAC's common stock over the last 90 trading days.
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