KKR & Co‘s (NYSE:KKR) managed funds inked an arrangement deal to acquire mdf commerce inc. (OTC:MECVF) for a total equity value of C$255 million.
As per the deal, mdf commerce shareholders will receive C$5.80 in cash per share, representing a premium of approximately 58% to the closing price of the common shares on the TSX on March 8, 2024.
The cash consideration, which is payable entirely in cash, represents a premium of about 59% to the 20-day volume-weighted average share price for the period ending on March 8, 2024, of C$3.65 per common Share, and a 30% ...