Just Develop It Ltd. made a bid to acquire Total Security Management Limited from System1, Inc. (NYSE:SST) for $293.36 million on September 6, 2023. The offer consists of $240 million in cash, the assumption of certain potential earnout payments in respect of Total Security and the delivery of approximately 29 million System1 shares held by Just Develop It and related persons. Weil, Gotshal & Manges LLP acted as legal advisor and Solomon Partners, LP acted as financial advisor to Solomon Partners, LP.
Real-time Estimate
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5-day change | 1st Jan Change | ||
1.55 USD | -0.64% | -11.86% | -29.73% |
May. 09 | Transcript : System1, Inc., Q1 2024 Earnings Call, May 09, 2024 | |
May. 09 | Earnings Flash (SST) SYSTEM1 Reports Q1 Revenue $84.9M, vs. Street Est of $83.4M | MT |
1st Jan change | Capi. | |
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-29.73% | 108M | |
-14.01% | 194B | |
+1.07% | 169B | |
+2.93% | 155B | |
+7.89% | 102B | |
+34.79% | 82.01B | |
+11.19% | 81.78B | |
-6.39% | 72.08B | |
-18.82% | 55.12B | |
-9.06% | 43.73B |
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- Just Develop It Ltd. made a bid to acquire Total Security Management Limited from System1, Inc. for $293.36 million.