CompuDyne (CDCY) To Be Acquired By Investor Group for $7/Share
CompuDyne Corporation (NASDAQ: CDCY) signed a definitive purchase agreement to be acquired by an investor group consisting of affiliates of The Gores Group, LLC and industry executive Stuart Mackiernan. Clearlake Capital Group, L.P. has committed to provide debt and equity financing to the investor group in the transaction. CompuDyne's Board of Directors has agreed to recommend the sale of
the company via a cash tender offer at $7.00 per share followed by a merger at the same price. CDCY closed at $5.29 on Monday.
the company via a cash tender offer at $7.00 per share followed by a merger at the same price. CDCY closed at $5.29 on Monday.
You May Also Be Interested In
- UPDATE: Angelo, Gordon to Acquire Benihana (BNHN) for $16.30/Share in Cash
- Patriot Coal (PCX) shares halted on breaker, bouncing as co. says entered into $625M financing
- KKR (KKR) Said to Be in Talks with Delek Group for Phoenix Holdings Stake
Create E-mail Alert Related Categories
Hot List, Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
