ATMs & Kiosks

Cardtronics files preliminary proxy statement concerning acquisition

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January 8, 2021

Cardtronics PLC, an ATM owner/operator, has filed a preliminary proxy statement with the Securities and Exchange Commission concerning the proposed acquisition of the company by Catalyst Holdings Limited.

On Dec. 15, the company announced an agreement to be acquired by affiliates of Apollo Global Management, Inc. and Hudson Executive Capital LP. Catalyst Holdings is a newly established entity.

As disclosed in the proxy statement, on Dec. 31, 2020, Cardtronics received an unsolicited proposal from a third party to acquire all of the ordinary shares of Cardtronics for $39 per share in cash.

Cardtronics' board of directors reaffirmed its recommendation in favor of the acquisition, as indicated in the preliminary proxy statement.