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


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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.

Leave A Comment

You must be logged in to post a comment.