Welcome to our dedicated page for AFAP news (Ticker: AFAP), a resource for investors and traders seeking the latest updates and insights on AFAP stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AFAP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AFAP's position in the market.
Corbett Technology Solutions, Inc. (CTSI) has successfully completed its tender offer for AFA Protective Systems, Inc. (OTCMKTS: AFAP), acquiring approximately 99.17% of its outstanding shares at $743.50 per share in cash. The tender offer expired on October 26, 2021, and all validly tendered shares were accepted for payment. Following the merger, AFA will cease trading on OTCMKTS and become a wholly-owned subsidiary of CTSI. This strategic acquisition enhances CTSI's portfolio in technology integration and innovation.
On September 14, 2021, APS Acquisitionco, a subsidiary of Corbett Technology Solutions (CTSI), launched a tender offer for AFA Protective Systems (OTCMKTS: AFAP) shares at $743.50 each, significantly higher than the $106.50 per share price on September 1, 2021. This offer will end on October 26, 2021. Once the offer concludes, APS will merge with AFAP, positioning AFAP as the surviving entity. Stockholders are encouraged to read the tender offer materials for detailed information.
Corbett Technology Solutions, Inc. (CTSI) has announced a definitive agreement to acquire AFA Protective Systems, Inc. (AFAP) for $743.50 per share. This acquisition, aimed at enhancing CTSI's fire, security, and communication services, is expected to open new opportunities for customers and employees. Founded in 1873, AFA serves over 28,000 clients along the East Coast and brings extensive industry experience. This marks CTSI's fourth acquisition since partnering with Wind Point Partners in June 2020, aligning with their growth strategy focused on life safety and security solutions.
