Brief: Metropolis Technologies To Acquire Sp Plus Corporation For $1.5 Bln

SP Plus

05/10/2023 13:15

Oct 5 (Reuters) - SP Plus Corp  SP.O :
    * METROPOLIS TECHNOLOGIES, INC. TO ACQUIRE SP PLUS
CORPORATION FOR
$1.5 BILLION
    * SP PLUS CORP - SP PLUS CORPORATION STOCKHOLDERS TO RECEIVE
$54.00 PER SHARE IN CASH
    * SP PLUS CORP - UPON COMPLETION OF TRANSACTION, SHARES OF
SP+
COMMON STOCK WILL NO LONGER TRADE PUBLICLY
    * SP PLUS CORP - BOARDS OF DIRECTORS OF BOTH COMPANIES HAVE
UNANIMOUSLY APPROVED TRANSACTION
    * SP PLUS CORP - METROPOLIS WILL CONTINUE TO BE FOUNDER-LED
AND
FOUNDER-CONTROLLED AS A PRIVATE COMPANY, WITH PARTICIPATION BY
OTHER EQUITY INVESTORS

Source text for Eikon:  ID:nBw24kbpXa 
Further company coverage:  SP.O 

 ((Reuters.Briefs@thomsonreuters.com;))