Reuters logo
4 个月前
BRIEF-Capitol Acquisition to combine with Cision
2017年3月20日 / 中午12点09分 / 4 个月前

BRIEF-Capitol Acquisition to combine with Cision

2 分钟阅读

March 20 (Reuters) - Capitol Acquisition Corp III:

* Capitol Acquisition Corp III to combine with Cision

* Capitol Acquisition Corp III - Cision will become a publicly listed company with an anticipated initial enterprise value of approximately $2.4 billion

* Capitol Acquisition Corp III - net cash proceeds from this transaction are expected to be used to pay down Cision's existing second lien debt

* Capitol Acquisition Corp III - boards of directors of both capitol and Cision have unanimously approved proposed transaction

* Capitol Acquisition-at deal closing, current Cision shareholders & current stockholders of capitol will hold about 68% and 32%, respectively of new co

* Capitol Acquisition Corp III - Cision's management team, led by CEO Kevin Akeroyd and CFO Jack Pearlstein, will continue to run combined co post-transaction

* Capitol Acquisition Corp III - Capitol chairman and CEO, Mark Ein, will join combined company's board of directors and serve as vice chairman

* Capitol Acquisition Corp III - Capitol's president and CFO, Dyson Dryden, will also join board Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below