ATEC - Alphatec Holdings renews agreement to acquire EOS Imaging for $116.9M

Alphatec Holdings (ATEC) inks agreement to acquire EOS imaging (EOSGF), for a purchase price of $79.7M, plus the retirement debt of $37.2M, in an all-cash transaction.Post closing, the transaction is expected to immediately expand ATEC's revenue base through the addition of EOS's revenue run rate and the monetization of information through incremental pull-through and cross-selling opportunities.ATEC expects the acquisition to be accretive to revenue, revenue growth, adjusted EBITDA and FCF in the first full year of operations following the transaction close.The Boards of Directors of both companies have approved the execution of a tender offer agreement, through which ATEC will launch a cash tender offer for all of the issued and outstanding shares and convertible notes of EOS imaging.Pursuant to the terms, EOS' shareholders would receive €2.45 (~$2.99) per EOS share, representing a premium of 41% to the closing price of EOS shares on Dec. 16, 2020.In connection, ATEC has arranged a

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Alphatec Holdings renews agreement to acquire EOS Imaging for $116.9M