Cardtronics plc announces filing of preliminary proxy statement and receipt of unsolicited proposal

Houston, jan. 07, 2021 (globe newswire) -- cardtronics plc (nasdaq: catm) (“cardtronics”) announced today that it has filed a preliminary proxy statement on schedule 14a with the securities and exchange commission in respect of the proposed acquisition of cardtronics by catalyst holdings limited, previously announced on december 15, 2020. as disclosed in the proxy statement, on december 31, 2020, cardtronics received an unsolicited proposal from a third party to acquire all of the ordinary shares of cardtronics for $39.00 per share in cash. the third-party proposal included (i) a mark-up of the acquisition agreement entered into on december 15, 2020, with catalyst holdings limited (the “acquisition agreement”) reflecting limited changes to the acquisition agreement and (ii) a letter from a reputable financial institution indicating that it is highly confident of its ability to arrange and syndicate the debt financing contemplated in connection with the proposed transaction and a statement by the third party that it would have financing commitments in place prior to execution of a definitive purchase agreement. the proposal is not subject to financing and is subject to the completion of confirmatory due diligence and final approval of the third party's board of directors.
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