RTTNews | Jan 8, 2021 10:43AM EST

10:42 Friday, January 8, 2021 (RTTNews.com) - Shares of ATM owner/operator Cardtronics plc (CATM) are rising more than 15% Friday morning on the news of it receiving a better acquisition proposal.

Thursday, the company in its proxy statement filed with the Securities and Exchange Commission said that it has got a better buy-out proposal of $39 per share in cash from a third party which the company did not disclose.

On December 15, Cardtronics had entered into a definitive agreement with funds managed by affiliates of Apollo Global Management, Inc. and Hudson Executive Capital LP to be acquired for $35.00 per share, cash.

The Board of Directors of Cardtronics has reviewed the proposal, and entered into a non-disclosure agreement with the third party to facilitate discussions and negotiations, the company said.

CATM, currently at $41.30, has been trading in the range of $15.71- $47.41 in the last one year.

Read the original article on RTTNews ( https://www.rttnews.com/3158989/stock-alert-cardtronics-climbs-15-after-receiving-better-acquisition-proposal.aspx)

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