M&A
confidence high
sentiment neutral
materiality 0.60
Stagwell to acquire government consulting firm for up to $17.5M in stock, plus earnout
Stagwell Inc
- Agreement to purchase all equity of a government consulting, public policy and communications company; closing subject to regulatory approval.
- At closing, Stagwell issues up to $17.5 million in Class A common stock to the sellers.
- Contingent earnout payments up to $45 million in stock based on financial performance over two 2-year periods.
- Stock issuance is exempt from registration under Section 4(a)(2); Stagwell receives no cash proceeds.