Cubic Corp.

NYSE:CUB  
74.86
+0.07 (+0.09%)
4:00:00 PM EDT: $74.89 +0.03 (+0.04%)
Mergers / Acquisitions, Equity Financing / Related

Cubic Announces Receipt Of Unsolicited Acquisition Proposal From St Engineering

Published: 03/22/2021 12:32 GMT
Cubic Corp. (CUB) - Cubic Announces Receipt of Unsolicited Acquisition Proposal From St Engineering.
Cubic Corp - Cubic's Board Has Determined Proposal Would Reasonably Be Expected to Lead to a "superior Proposal".
Cubic Corp - Recently Received Unsolicited Proposal From Singapore Technologies Engineering to Buy All of Co's Outstanding Stock for $76/share in Cash.
Cubic - Ste Proposal Contemplates, Immediately Following Deal, Ste Would Sell Cubic's Cmps Business to Affiliate of Blackstone Tactical Opportunities.
Cubic Corp - Shareholders Do Not Need to Take Any Action at This Time.
Cubic Corp - Board Continues to Recommend Pending Transaction With Veritas and Evergreen Coast Capital.
Cubic Corp - Veritas Merger Agreement Remains in Full Force and Effect.