M&A
confidence high
sentiment positive
materiality 0.75
Vectrus shareholders approve merger with Vertex; combined company to be renamed V2X, trade as VVX
V2X, Inc.
- Share issuance proposal approved: 9,567,758 for, 498,620 against; charter amendment also approved.
- Post-close, Vertex shareholders will own ~62% of combined V2X; Vectrus shareholders ~38%.
- Merger expected to close early Q3 2022, subject to customary conditions including regulatory approvals.
- Combined company to be renamed V2X, Inc. and trade on NYSE under new ticker symbol VVX.