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

POTENTIAL DEAL DETAILS

Stock Cubic Corporation Symbol CUB
Date Announced 09/23/2020 Source Reuters
Type Unsolicited Bid Acquiring Company/Person Veritas and Evergreen Coast Capital Corporation
Date of Confirmation: 02/08/2021 Price 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.

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