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According to Reuters, Elliott and Veritas Capital submit offer for Cubic

  • September 27, 2020


StockCubic CorporationSymbolCUB
Date Announced09/23/2020Source Reuters
TypeUnsolicited BidAcquiring Company/Person Veritas and Evergreen Coast Capital Corporation
Date of Confirmation: 02/08/2021Price at Confirmation: $63.29
Potential Profit: 12.14%Annualized Profit: 32.10%

Hedge fund Elliott Management and buyout firm Veritas Capital have made a joint bid for Cubic Corp (CUB) following weeks of private talks with the defense and transportation technology firm. The offer is at a premium to Cubic’s closing share price on Tuesday of $54.73.


February 08, 2021: Cubic Corporation (CUB) announced that it has entered into a definitive agreement  with an affiliate of Veritas Capital, under which Veritas and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., will acquire Cubic for $70.00 per share in cash.

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