First advantage and sterling announce election deadline for sterling stockholders to elect merger consideration

Atlanta and independence, ohio, oct. 21, 2024 (globe newswire) -- first advantage corporation (nasdaq:fa) and sterling check corp. (nasdaq:ster) today announced that the deadline for (i) record holders of vested shares of sterling common stock and (ii) eligible holders of sterling common stock equivalents (sterling common stock equivalents is defined as “company common stock equivalents” in the merger agreement (as defined below)) and unvested shares of sterling common stock to elect the form of merger consideration they wish to receive in connection with first advantage's acquisition of sterling (the "transaction") is 5:00 p.m. eastern time on october 24, 2024 (such deadline, as it may be extended, the "election deadline"), pursuant to the agreement and plan of merger (the “merger agreement”), dated as of february 28, 2024, by and among first advantage, sterling, and starter merger sub, inc., a delaware corporation and an indirect, wholly-owned subsidiary of first advantage. sterling stockholders who hold shares through a bank, broker or other nominee may be subject to an earlier election deadline and should carefully review any materials they received from their bank, broker or other nominee. the parties expect to close the transaction on october 31, 2024, subject to the receipt of regulatory clearances and approvals and the satisfaction or waiver of other customary closing conditions. if such clearances, approvals and conditions are not received or satisfied as expected, the parties may elect to extend the election deadline and the anticipated closing of the transaction will be a later date.
FA Ratings Summary
FA Quant Ranking