Cubic Corporation shareholders approved a proposal to adopt the merger agreement between Cubic and an affiliate of Veritas Capital.
Under the agreement, Veritas and Evergreen Coast Capital Corporation will acquire the company for $75.00 per share in cash.
Approximately 70.3 percent of the shares of the company’s common stock issued and outstanding as of the close of business on March 18, 2021, the record date for the special meeting where shareholders voted to adopt the merger agreement.
The proposed transaction remains subject to the receipt of certain regulatory approvals and the satisfaction of other closing conditions. The company currently anticipates that the proposed transaction will be completed during the second calendar quarter of 2021.
