|Bid||4.5400 x 0|
|Ask||4.5500 x 0|
|Day's Range||4.5400 - 4.5400|
|52 Week Range||3.6000 - 4.5500|
|Beta (3Y Monthly)||-0.57|
|PE Ratio (TTM)||8.09|
|Earnings Date||Dec. 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.99|
Cortex Business Solutions Inc. (“Cortex”) (CBX.V), a North American network-as-a-service e-invoicing solutions provider, announced today that it has entered into an arrangement agreement (the "Arrangement Agreement") under which Drilling Info, Inc. ("Drillinginfo"), a portfolio company of Genstar Capital Partners, LLC, has agreed to acquire all of the outstanding shares of Cortex (the "Shares") for a cash payment of $4.55 per Share (the "Arrangement"), representing total equity value, on a fully diluted basis, of approximately $45.7 million. The board of directors of Cortex (the "Board"), based on the unanimous recommendation of its special committee of independent directors (the "Special Committee") and after consultation in its evaluation of the Arrangement with legal and financial advisors, has unanimously approved the Arrangement Agreement, determined that the Arrangement is in the best interests of Cortex and recommends that shareholders and optionholders of Cortex (collectively the "Securityholders") vote in favour of the Arrangement.
NEW YORK, NY / ACCESSWIRE / December 12, 2018 / The Market Edge strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us ...
In 2015 Joel Leetzow was appointed CEO of Cortex Business Solutions Inc (CVE:CBX). First, this article will compare CEO compensation with compensation at similar sized companies. Next, we'll consider growth Read More...
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use Return Read More...