Shares of CynergisTek more than double on deal to go private
24/05/2022 11:06
** Shares of healthcare cybersecurity firm CynergisTek Inc
CTEK.A soar 103% premarket, set for best session since July
2003
** Co to be acquired by Clearwater Compliance LLC in a $17.7
mln transaction and will become a privately held unit of
Clearwater urn:newsml:reuters.com:*:nFWN2XF17H
** Clearwater is a portfolio company of funds affiliated
with Altaris Capital Partners LLC, an investment firm focused
exclusively on the healthcare industry
** Cynergistek stockholders to get $1.25 per share in cash,
representing a 111% premium to CTEK's last close
** CTEK rallies closer to offer price, last at $1.20
premarket - set to open at a seven-week high
** CTEK's board unanimously approved the merger; deal
expected to close in Q3
** CTEK down 59% YTD as of last close
(Reporting by Susan Mathew)
((susan.mathew@thomsonreuters.com))