MMAC - MMA Capital to be acquired by Fundamental Advisors in $161.7M all-cash deal

MMA Capital ([[MMAC]] +59.4%) entered into a definitive merger agreement with an affiliate of Fundamental Advisors, under which it will be acquired by Fundamental Advisors in an all-cash transaction valued at ~$161.7M. As per the merger terms, MMA's common stock holder will receive $27.77/share in cash, indicating a 35% premium over the 90-day volume-weighted average share price ending May 21, 2021, and a 62% premium over the May 21, 2021, closing share price.The transaction is expected to close in the third quarter of 2021, subject to closing conditions, including the approval of MMA's stockholders, who will vote on the transaction at a special meeting on a date to be announced and is also contingent on the simultaneous termination of the company's external management agreement and the acquisition by Fundamental of certain platform assets from MMA's external manager pursuant to agreements that were executed concurrently with the Merger Agreement."Following a diligent review of

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MMA Capital to be acquired by Fundamental Advisors in $161.7M all-cash deal