secwatch.observer — SEC 8-K summary
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Issuer:     CROSS COUNTRY HEALTHCARE INC (CCRN)
CIK:        0001141103
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0000950103-26-006921
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cross Country Healthcare to be acquired by Knox Lane for $13.25/share in $437M all-cash deal
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- Deal valued at ~$437M, with stockholders receiving $13.25 per share in cash.
- 31% premium to May 6 closing price and 45% premium to 90-day VWAP.
- Expected to close Q3 2026, subject to stockholder approval and HSR clearance.
- Company cancels Q1 2026 earnings call (May 7) and 2026 Annual Meeting (May 11).
- Equity financing from Knox Lane secured; termination fee of ~$14.2M applies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1141103/000095010326006921/0000950103-26-006921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1141103/000095010326006921/dp246394_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-26-006921

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer