CSVI - CSI to be acquired by Centerbridge and Bridgeport for $1.6B
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Computer Services ( OTCQX:CSVI ) to be acquired by Centerbridge Partners and Bridgeport Partners in an all-cash transaction valued at ~$1.6B or $58.00 per share.
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The transaction follows a robust strategic review process and was unanimously approved by CSI’s board of directors.
- Under the agreement, shareholders will receive $58.00 per share in cash upon the closing of the transaction, which is expected to occur in Q4 2022.
- The per-share purchase price represents a 53% premium to CSI’s closing stock price on August 19, 2022, the last full trading day before the agreement was announced, and a premium of 54.4% over CSI’s 30-day volume-weighted average share price.
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CSI to be acquired by Centerbridge and Bridgeport for $1.6B