Announced
Completed
Financials
Tags
Friendly
United States
Diversified Financials
international consumer debt
Privatisation
Public
Majority
disability advocacy
Merger
Single Bidder
Acquisition
Domestic
Completed
Private Equity
Synopsis
Stern Group, comprised of Gary Stern and Ricky Stern, completed the acquisition of Asta Funding, a diversified financial services company, for $86m. Asta will operate as an independent, privately-held company and will remain based in Englewood Cliffs, New Jersey. Under the terms of the merger agreement, Asta’s stockholders will receive $13.10 per share in cash. As a result of the closing of the transaction, Asta’s common stock has ceased trading as of today on the NASDAQ Global Select Market and will be delisted.
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