m_and_a
confidence high
sentiment neutral
materiality 0.90
Euronet to acquire CoreCard for ~$248M ($30/share) in stock-for-stock merger
CoreCard Corp
- Exchange ratio 0.2783–0.3142 based on Euronet's 15-day VWAP; floor $95.48, ceiling $107.80.
- CoreCard shareholders must approve; closing expected late 2025, subject to HSR and other conditions.
- Termination fee of $7.5M payable by CoreCard in certain scenarios (e.g., superior proposal).
- All unvested RSUs and stock options will vest and convert into merger consideration at close.
- Euronet expects the deal to be accretive in the first full year post-close.
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