M&A
confidence high
sentiment neutral
materiality 0.75
Creative Realities receives unsolicited buyout proposal from Pegasus Capital at $0.83/share
CREATIVE REALITIES, INC.
- Pegasus proposes to acquire all outstanding shares not already owned for $0.83 per share in cash.
- Pegasus currently beneficially owns ~10.8M shares (37.82%) and ~$19.2M of company debt.
- Board forms special committee of independent directors to evaluate the proposal.
- No assurance a definitive agreement will be reached; stockholders advised to take no action.