Asta Funding, Inc. Completes Take-Private Transaction
29 Settembre 2020 - 8:15PM
Asta Funding, Inc. (NASDAQ: ASFI) (“
Asta” or the
“
Company”) announced that its merger whereby the
Company has become a wholly-owned subsidiary of Asta Finance
Acquisition, Inc. is complete. The transaction was previously
announced on April 8, 2020.
Asta will operate as an independent,
privately-held company and will remain based in Englewood Cliffs,
New Jersey.
“I would like to thank all of the Company's
stockholders for their support over the many years,” said Gary
Stern, Chairman, Founding President and Chief Executive Officer of
Asta.
Under the terms of the merger agreement, Asta’s
stockholders will receive $13.10 per share in cash. As a result of
the closing of the transaction, Asta’s common stock has ceased
trading as of today on the NASDAQ Global Select Market and will be
delisted.
Advisors
Lincoln International LLC is serving as
financial advisor to the Special Committee, Tannenbaum Helpern
Syracuse & Hirschtritt LLP is serving as legal counsel to the
Special Committee, and Troutman Pepper Hamilton Sanders LLP is
serving as legal counsel to the Company.
About Asta
Asta Funding, Inc., headquartered in Englewood
Cliffs, New Jersey, is a diversified financial services company
that assists consumers and serves investors through the strategic
management of three complementary business segments: consumer
receivables, social security disability advocacy and personal
injury claims. For more information, please visit
http://www.astafunding.com.
For more information:
Seth BermanGeneral Counsel(201)
308-9301sberman@astafunding.com
Grafico Azioni Asta Funding (NASDAQ:ASFI)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Asta Funding (NASDAQ:ASFI)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Asta Funding Inc (NASDAQ): 0 articoli recenti
Più Articoli Notizie