Cardinal Infrastructure Group Maintains $357.5M Hughes Brothers Construction Deal Purchase Price And Changes Consideration To 60%/40% Cash/CDNL Shares From 50%/50% Previously
Hughes Brothers' owners will receive approximately $214.5 million in cash and 5,255,420 shares of Cardinal Class A common stock, based on an issue price of $27.21 per share.The amendment also revises the earnout so
Share
Why It Matters
Cardinal Infrastructure is buying Hughes Brothers for the same total price. But now the sellers get more cash and fewer company shares instead.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.