RTTNews | Apr 19, 2021 10:47AM EDT

10:47 Monday, April 19, 2021 (RTTNews.com) - Shares of capital solutions provider to small businesses Marlin Business Services Corp. (MRLN) are up more than 52% Monday morning on the news of it being bought by HPS Investment Partners LLC in an all cash deal valued at $23.50 per share.

As per the agreement, HPS, an investment firm with $68 billion of assets under management as of March 2021, through its European Asset Value Funds, will buy all of the company's outstanding shares for $23.50 per share, a 65% premium over the closing price of $14.24 as on April 16, 2021.

The deal is expected to close in the first quarter of 2022.

MRLN touched a new high of $22.90 this morning, before slipping to trade at $21.75 currently.

Read the original article on RTTNews ( https://www.rttnews.com/3186060/stock-alert-marlin-business-services-at-new-high-on-news-of-acquisition-by-hps-investment-partners.aspx)

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