Parking platform Metropolis agrees to buy SP Plus for $1.5 bln
112.00 $
Published date: 2024/06/16
- Location: 66957, Oregon, United States
By Milana Vinn
Oct 5 (Reuters) -
Parking technology provider Metropolis Technologies Inc on Thursday agreed to buy SP Plus Corp, which provides parking facility management services, for $1.5 billion, including debt.
Shareholders of SP Plus will receive $54 per share, representing a premium of 52.5% over the stock's closing price on Wednesday. The offer price values SP Plus at $1.06 billion.
Shares of SP Plus were up 45% at $51.5 apiece in early afternoon trading.
To finance the deal, Metropolis said it had secured equity and debt financing totaling $1.7 billion. The company raised $1.05 billion in a Series c plus capsule funding round through preferred stock that was issued to investors, with the remaining amount comprising debt financing.
Oct 5 (Reuters) -
Parking technology provider Metropolis Technologies Inc on Thursday agreed to buy SP Plus Corp, which provides parking facility management services, for $1.5 billion, including debt.
Shareholders of SP Plus will receive $54 per share, representing a premium of 52.5% over the stock's closing price on Wednesday. The offer price values SP Plus at $1.06 billion.
Shares of SP Plus were up 45% at $51.5 apiece in early afternoon trading.
To finance the deal, Metropolis said it had secured equity and debt financing totaling $1.7 billion. The company raised $1.05 billion in a Series c plus capsule funding round through preferred stock that was issued to investors, with the remaining amount comprising debt financing.
Related listings
-
90 Best Kitchen Improvement Contractors Chicago IL Expenses & Evaluations38.00 £Art - Collectibles (Oregon) 2024/06/16Where open-plan has actually been the preferred format for cooking areas and living areas over recent years, developers are seeing a move away from this, with 'broken-plan' living currently the best approach. An attractive ladder gives an intriguing,... -
Website Bomb, Drugs Anda Porn153.00 £Art - Collectibles Alpena (Oregon) 2024/06/16Welcome to the darkish underworld of the internet, where illicit recreation lurk in the shadows and unsuspecting site visitors may stumble upon a digital minefield. Today, we delve into the murky waters of online pages that harbor unlawful content su...
-
Website Bomb, Drugs Anda Porn128.00 $Art - Collectibles Dennehotso (Oregon) 2024/06/16Welcome to the dark underworld of the internet, where illicit events lurk in the shadows and unsuspecting site visitors may stumble upon a email correspondence minefield. Today, we delve into the murky waters of online pages that harbor unlawful cont...
112.00 $
Useful information
- Avoid scams by acting locally or paying with PayPal
- Never pay with Western Union, Moneygram or other anonymous payment services
- Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
- This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"
Comments
Leave your comment (spam and offensive messages will be removed)