CompuDyne (CDCY) To Be Acquired By Investor Group for $7/Share
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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.
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