Atlas Technical Consultantsy announced the completion of its acquisition by GI Partners, in an all-cash transaction valued at approximately $1.05B, including outstanding debt. The agreement to be acquired was previously announced on January 31, 2023 and approved by Atlas stockholders at Atlas’ Special Meeting of Stockholders held on March 29, 2023. With the completion of the transaction, Atlas stockholders will receive $12.25 per share in cash for each share of Atlas common stock they owned, which represents a premium of approximately 124 percent over Atlas’ unaffected closing share price of $5.47 on January 30, 2023. Atlas’ common stock has ceased trading and will be delisted from Nasdaq.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ATCX:
- Atlas Technical Consultants Acquired by GI Partners
- Atlas Technical Consultants initiated with an Outperform at CJS Securities
- Atlas Technical Consultants not providing financial guidance
- Atlas Technical Consultants reports Q4 adjusted EPS 7c, consensus 3c
- Atlas Technical Consultants Reports Fourth Quarter and Full Year 2022 Results