Cubic Corp. (CUB) Tops Q1 EPS by 38c
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Cubic Corp. (CUB) to be Acquired by Veritas Capital and Evergreen Coast Capital for $70/sh in $2.8 Billion Deal
February 8, 2021 7:01 AM ESTCubic 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 approximately 58% to Cubics unaffected closing stock price on September 18, 2020, the last trading day before the Companys... More
