MRLN - Marlin Business Services to be acquired by HPS Investment Partners for $23.50 per share

Marlin Business Services (MRLN) inks agreement under which HPS Investment Partners, via its European Asset Value Funds, acquire all of the Company's outstanding shares of common stock in an all-cash transaction for $23.50 per share.The acquisition price represents a 65% premium to the closing stock price on April 16, 2021.The Company’s Board of Directors has unanimously approved the transaction.The closing of the transaction is subject to various customary closing conditions, including regulatory and shareholder approvals and the requirement that Marlin Business Bank effect a “de-banking” and cease operations as a bank.Shares +1% premarket.

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Marlin Business Services to be acquired by HPS Investment Partners for $23.50 per share