Aegion (AEGN) Confirms Receipt of Unsolicited Acquisition Proposal
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Aegion Confirms Receipt of Unsolicited Acquisition Proposal
March 12, 2021 10:30 AM ESTST. LOUIS, March 12, 2021 (GLOBE NEWSWIRE) -- Aegion (NASDAQ: AEGN) today confirmed that it has received an unsolicited non-binding proposal (the Proposal) from another party to acquire Aegion, subject to certain conditions, including due diligence.
The Company previously announced on February 16, 2021, that it had entered into a definitive merger agreement (the Pending Merger Agreement) to be acquired by affiliates of New Mountain Capital, L.L.C. (New Mountain), for $26.00 per share in cash, or a total enterprise value of approximately $963 million.
In accordance with the terms of the Pending Merger Agreement... More
