Aegion (AEGN) Board of Directors Determines Unsolicited Third-Party Proposal Could Reasonably Be Expected to Result in a “Superior Proposal”
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Aegion Board of Directors Determines Unsolicited Third-Party Proposal Could Reasonably Be Expected to Result in a “Superior Proposal”
March 22, 2021 8:30 AM EDTST. LOUIS, March 22, 2021 (GLOBE NEWSWIRE) -- Aegion Corporation (NASDAQ: AEGN) today announced that its Board of Directors has determined, after consultation with its outside legal and financial advisors, that an unsolicited, non-binding proposal received from a third party (the Third Party) (the Third-Party Proposal) could reasonably be expected to result in a Superior Proposal as defined in Aegions merger agreement, as amended, with affiliates of New Mountain Capital, L.L.C. (New Mountain) (the New Mountain Merger Agreement).
Under the terms of the Third-Party Proposal, the Third Party would acquire all outstanding shares of Aegion... More
