HireRight Holdings Corp (HRT) has released an update.
HireRight Holdings Corporation has entered into a merger agreement with Hearts Parent, LLC, and its subsidiary, setting a significant shift in the company’s ownership and stock options. The deal, which has been unanimously approved by the company’s independent committee and board, will see each share of HireRight common stock converted into the right to receive $14.35 in cash, shaking up the market for existing and potential investors. The completion of the merger is hinged on a majority stockholder vote, regulatory approvals, and other customary conditions, with the potential to delist HireRight from the New York Stock Exchange. Investors are advised to consider the merger’s implications, as it may influence HireRight’s stock performance and ownership structure.
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