Brief: Avantax To Be Acquired By Cetera Holdings

Avantax

11/09/2023 15:38

Sept 11 (Reuters) - Avantax Inc  AVTA.O :
    * AVANTAX ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY
CETERA HOLDINGS
    * AVANTAX INC- AVANTAX STOCKHOLDERS TO RECEIVE $26.00 PER
SHARE IN
CASH
    * AVANTAX INC- AVANTAX TO OPERATE AS A STANDALONE ENTITY
WITHIN
CETERA HOLDINGS, FURTHER EXPANDING CETERA'S TAX AND WEALTH
MANAGEMENT OFFERINGS
    * AVANTAX INC - PROPOSED DEAL FOR APPROXIMATELY $1.2 BILLION
    * AVANTAX INC - AVANTAX TO OPERATE AS A STANDALONE ENTITY
WITHIN
CETERA HOLDINGS
    * AVANTAX INC - UPON COMPLETION OF TRANSACTION, AVANTAX WILL
BECOME A PRIVATELY HELD COMPANY, AND ITS COMMON STOCK WILL NO
LONGER BE TRADED ON NASDAQ
    * AVANTAX INC - TRANSACTION IS NOT SUBJECT TO ANY FINANCING
CONDITION

Source text for Eikon:  ID:nGNX44L24S 
Further company coverage:  AVTA.O 

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