Brief: David Cote's CompoSecure To Acquire Husky Technologies From Platinum Equity For Roughly $5 Billion Including Debt - WSJ
03/11/2025 07:59
Nov 3 (Reuters) - COMPOSECURE BACKED BY DAVID COTE IS SET TO ACQUIRE HUSKY TECHNOLOGIES FROM PLATINUM EQUITY FOR ROUGHLY $5 BILLION INCLUDING DEBT- WSJ HUSKY DEAL TO BE PARTIALLY FINANCED WITH ABOUT $2 BILLION SO-CALLED PIPE THAT IS EXPECTED TO BE OFFERED AT $18.50 PER SHARE OF COMPOSECURE STOCK - WSJ UNDER DEAL, PLATINUM WILL ROLL OVER ABOUT $1 BILLION TO KEEP A LITTLE LESS THAN A 20% STAKE IN THE COMBINED BUSINESS - WSJ Source text: https://tinyurl.com/23huajv9 ((Reuters.Briefs@thomsonreuters.com;))