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PREMIUM: Cubic in takeover battle

1st April 2021 - 14:00 GMT | by Trevor Nash in Holsworthy

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A Bradley IFV fitted with I-MILES. (Photo: PEO STRI)

Cubic Corporation has two suitors who aim to take a majority shareholding. The final decision will be taken in late April.

Following the news in February that Cubic Corporation had ‘entered into a definitive agreement' with an affiliate of Veritas Capital and Evergreen Coast Capital Corporation to acquire Cubic for $70 per share in cash, the battleground has shifted with an unsolicited counter-bid from Singapore Technologies Engineering (ST Engineering).

Initially valued ...

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