Avantax and Cetera Holdings, the holding company of Cetera Financial Group, announced the successful completion of Cetera’s acquisition of Avantax. Avantax’s Board of Directors unanimously approved the transaction, and holders of approximately 81% of the outstanding shares of Avantax common stock entitled to vote thereon approved the transaction. Avantax is now a privately held company, and its common stock will no longer be traded on Nasdaq. Holders of shares of Avantax common stock are entitled to receive $26.00 in cash per share, without interest and subject to required withholding taxes.
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