Barrington downgraded Cantaloupe (CTLP) to Underperform from Outperform without a price target after the company entered into a definitive agreement to be acquired by 365 Retail Markets in an all-cash transaction with an equity value of approximately $848M. The firm cites the pending transaction for the double downgrade.
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- Cantaloupe downgraded to Market Perform from Outperform at William Blair
- Cantaloupe trading resumes
- Cantaloupe Announces Merger Agreement with 365 Retail Markets
- Cantaloupe to be acquired by 365 Retail Markets for $11.20 per share in cash