SP Plus Corporation (SP) has shared an announcement.
On May 16, 2024, a significant financial event unfolded as a merger was completed, resulting in a company becoming a fully-owned subsidiary of its parent organization. Coinciding with this merger, the company settled its existing credit agreements and established new ones with Maranon Capital, L.P. and PNC Bank, National Association. Additionally, the company’s common stock was delisted from Nasdaq following the merger completion, and all previous stockholders, except for certain exclusions, received a cash payout of $54.00 per share. Company stock units were also vested and converted to cash, while the board of directors and company bylaws underwent a transformation to align with the new corporate structure.
See more data about SP stock on TipRanks’ Stock Analysis page.
