Elliott and ST Engineering Said to be in Bidding War for Cubic Corp. (CUB) - DJ

March 29, 2021 2:36 PM EDT

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(Updated - March 29, 2021 2:42 PM EDT)

(Updated - March 29, 2021 2:38 PM EDT)

A bidding war has erupted for Cubic Corp. (NYSE: CUB) according to Dow Jones, citing sources.

Veritas Capital and the private equity arm of Elliott raised their bid from $70 to $72 per share, and ST Engineering responded by boosting its offer from $76 to $78.

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