Benefytt Technologies, Inc. to be Acquired by Madison Dearborn Partners
Tender Offer of $31.00 per Share to be Commenced in Coming Days to Complete All-Cash Transaction
Over the past year, our Board of Directors and management team have evaluated numerous strategic options to maximize shareholder value and to position the company for its strategic transformation. Following this comprehensive review, we believe Madison Dearborn is the right partner to deliver compelling and certain value to our shareholders
Following completion of the transaction, Benefytt will become a private company, substantially owned by the MDP Funds, and will no longer be traded on Nasdaq Global Select Market.
www.globenewswire.co...arborn-Partners.html
www.wsj.com/articles...-million-11594653617
Following the successful tender of at least a majority of the then outstanding common shares, the MDP Funds will acquire any remaining outstanding shares through a merger at a per share price equal to the tender offer price.
Following completion of the transaction, Benefytt will become a private company, substantially owned by the MDP Funds, and will no longer be traded on Nasdaq.
The closing of the acquisition is expected in Q3
seekingalpha.com/new...all-cash-transaction
Tender Offer of $31.00 per Share to be Commenced in Coming Days to Complete All-Cash Transaction
Over the past year, our Board of Directors and management team have evaluated numerous strategic options to maximize shareholder value and to position the company for its strategic transformation. Following this comprehensive review, we believe Madison Dearborn is the right partner to deliver compelling and certain value to our shareholders
Following completion of the transaction, Benefytt will become a private company, substantially owned by the MDP Funds, and will no longer be traded on Nasdaq Global Select Market.
www.globenewswire.co...arborn-Partners.html
www.wsj.com/articles...-million-11594653617
Following the successful tender of at least a majority of the then outstanding common shares, the MDP Funds will acquire any remaining outstanding shares through a merger at a per share price equal to the tender offer price.
Following completion of the transaction, Benefytt will become a private company, substantially owned by the MDP Funds, and will no longer be traded on Nasdaq.
The closing of the acquisition is expected in Q3
seekingalpha.com/new...all-cash-transaction