Global Traffic Network, Inc./GTCR, LLC
On August 3, 2011, Global Traffic Network, Inc. (Nasdaq: GNET), announced that it has entered into a definitive merger agreement to be acquired by an affiliate of GTCR, LLC for $14 per outstanding share.
The acquisition of Global will be completed through a cash tender offer for all outstanding shares of Global's common stock that is expected to commence shortly. The transaction is not subject to any financing condition.
Closing is expected in Q411.
Moelis & Company and Milbank, Tweed, Hadley & McCloy LLP are serving as financial and legal advisor to the Special Committee of the Board of Directors of the Company, respectively. Latham & Watkins LLP is serving as legal adviser to GTCR.
The acquisition of Global will be completed through a cash tender offer for all outstanding shares of Global's common stock that is expected to commence shortly. The transaction is not subject to any financing condition.
Closing is expected in Q411.
Moelis & Company and Milbank, Tweed, Hadley & McCloy LLP are serving as financial and legal advisor to the Special Committee of the Board of Directors of the Company, respectively. Latham & Watkins LLP is serving as legal adviser to GTCR.
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Morning Movers 08/03: (CBM) (SIMG) (FIX) (GNET) Higher; (CBR) (KFRC) (EXAM) (KRA) Lower
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Notable Mergers and Acquisitions of the Day 08/03: (GNET) (AMAG) (AER)/(AIG)
