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Cantaloupe shareholders to receive $11.20 per share in cash, a 34% premium to unaffected stock price
Transaction to accelerate growth in unattended retail and enhance product offering for customers in fast-growing markets and verticals
Cantaloupe, Inc. (NASDAQ:CTLP) ("Cantaloupe"), a global technology leader offering end-to-end technology solutions for self-service commerce, today announced it has entered into a definitive agreement to be acquired by 365 Retail Markets, LLC ("365"), a leading innovator in unattended retail technologies, in an all-cash transaction with an equity value of approximately $848 million. 365 is a portfolio company of Providence Equity Partners L.L.C. ("Providence"), a specialist private equity firm focused on growth-oriented investments in media, communications, education, and technology companies across North America and Europe. Upon completion of the transaction, Cantaloupe will become a privately-held company.
Posted In: CTLP