.
MergerLinks Header Logo

Announced

B. Riley Financial withdrew its $231m offer for SPOK.

Financials

Edit Data
Transaction Value£188m
Consideration TypeCash
Capital Owned3%
Capital Bid For97%
EV/Sales-
EV/EBITDA-
Share Price Premium39%
One Off Charge-

Tags

Edit

Majority

IT Services: Other

United States

communication solutions

Public

Single Bidder

Acquisition

Failed

Synopsis

Edit

B. Riley Financial, a diversified financial services company, withdrew its $231m offer for SPOK, which engages in the provision of communication solutions. "While we remain very interested in acquiring Spok, we are not willing to hold open an offer for an indeterminate amount of time while the Board rebuffs calls to explore strategic options for a company whose assets have languished under their oversight. As such, we are withdrawing our current proposal to acquire Spok," Bryant Riley, B. Riley Financial Chairman and Co-CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US