Clarivate (CCC) to Combine with CPA Global in All-Stock Transaction

Go back to Clarivate (CCC) to Combine with CPA Global in All-Stock Transaction

Clarivate to Combine with CPA Global, Creating a World Leader in Intellectual Property Information and Services

July 29, 2020 6:00 AM EDT

LONDON, July 29, 2020 /PRNewswire/ -- Clarivate Plc (NYSE: CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced that it has signed a definitive agreement to combine with CPA Global, a global leader in intellectual property ("IP") software and tech-enabled services. In the all-stock transaction, CPA Global shareholders will receive approximately 218 million Clarivate ordinary shares, representing 35% pro forma fully diluted ownership of Clarivate. Based on the 30-day volume weighted average share price of Clarivate, the implied enterprise value is approximately $6.8 billion, which includes... More