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NetworkNewsBreaks – Cision Ltd. (NYSE: CISN) Enters Definitive Agreement to Be Acquired for $2.74 Billion

Company: Cision Ltd. (CISN)
Category: News

Cision (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, on Tuesday announced that it has entered into a definitive agreement to be acquired by an affiliate of Platinum Equity in an all cash transaction valued at approximately $2.74 billion. The company’s board of directors has unanimously approved the transaction. Per the terms of the agreement, an affiliate of Platinum Equity will acquire all outstanding ordinary shares of Cision at a price of $10.00 each. Cision will hold a special shareholders meeting following the filing of a definitive proxy statement with the U.S. Securities and Exchange Commission (“SEC”) and subsequent mailing to its shareholders. The proposed transaction is anticipated to close during the first quarter of 2020, subject to satisfaction of customary closing conditions, antitrust regulatory approvals and shareholder approval. Cision may solicit third party acquisition proposals until November 12, 2019. In addition, the company announced that it will be filing its quarterly report on Form 10-Q reporting its third quarter financial results. “This transaction will provide shareholders with immediate and substantial cash value, while also providing us with a partner that shares in our commitment to customers and employees and can add strategic and operational value,” Cision chief executive officer Kevin Akeroyd stated in the news release. “Based on our extensive engagement with Platinum over the past several months, we are confident that Platinum’s support will enable Cision to execute on its strategy and next phase of growth.”

To view the full press release, visit http://nnw.fm/rp0Wk

About Cision

Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision’s software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 4,800 employees with offices in 22 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud(R), visit www.Cision.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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