Cubic Corp. (CUB) to be Acquired by Veritas Capital and Evergreen Coast Capital for $70/sh in $2.8 Billion Deal

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Go back to Cubic Corp. (CUB) to be Acquired by Veritas Capital and Evergreen Coast Capital for $70/sh in $2.8 Billion Deal

Veritas Capital and Evergreen Coast Capital to Acquire Cubic for $70.00 Per Share

February 8, 2021 7:00 AM EST

All-Cash Transaction Valued at Approximately $2.8 Billion, Including Assumption of Debt

SAN DIEGO--(BUSINESS WIRE)-- Cubic Corporation (NYSE: CUB) (Cubic or the Company) today announced that it has entered into a definitive agreement (the Agreement) with an affiliate of Veritas Capital (Veritas), under which Veritas and Evergreen Coast Capital Corporation (Evergreen), an affiliate of Elliott Investment Management L.P. (Elliott), will acquire Cubic for $70.00 per share in cash.

Under the terms of the Agreement, Cubic shareholders will receive $70.00 in cash for each share of Cubics common stock they currently hold, representing a premium of... More