Activists Report to the SEC on Cardtronics and Five Other Companies
Hudson Executive Capital reported a stake in the ATM and financial kiosk maker of 8,658,920 shares, or 19.5% of the outstanding stock. On Dec. 7, Hudson Executive, along with affiliates of Apollo Global Management (APO), made a joint all-cash offer to purchase all outstanding Cardtronics shares for $31 apiece. The investors returned with a revised offer of $35 per share that Cardtronics’ board agreed to, announced on Dec. 15. The go-private deal is expected to close in the first quart...
Source: barrons.com