ST Engineering has submitted a revised proposal to Cubic Corporation’s board of directors to acquire all of its outstanding stock in cash for US$78 ($105.07) per share, up from its original offer of US$76 per share

The revised offer price increases the total implied consideration from US$2.41 billion to US$2.49 billion, based on Cubic Corp's outstanding shares of 31.87 million as of 1QFY2021 ended December 2020.

SEE:ST Engineering revises proposed bid for Cubic Corp to US$78 per share

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