Investors to acquire Cardtronics for $2.3B
Cardtronics PLC, an ATM owner/operator, announced today it has entered into a definitive agreement to be acquired by affiliates of Apollo Global Management, Inc. and Hudson Executive Capital LP for $35 per share in cash, according to a press release.
The $35 per share transaction price represents a 60% premium to Cardtronics’ volume-weighted average share price over the 30 trading days prior to Dec. 8, 2020 and a 35% premium to its closing share price on Dec. 8, 2020, the day prior to the announcementof Hudson Executive’s disclosure of its joint proposal with the Apollo Funds to acquire the company. The transaction price indicates an enterprise value of $2.3 billion, including net debt.
KEEP UP WITH ATM AND DIGITAL BANKING NEWS AND TRENDS
Sign up now for the ATM Marketplace newsletter and get the top stories delivered straight to your inbox.