POTENTIAL DEAL DETAILS
|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.
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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