Acquisition Offer365’s bid represents an 18% premium to CTLP’s recent closing price, indicating a favorable acquisition offer for shareholders.
Long-term Growth OpportunitiesManagement expressed confidence in meeting its fiscal 2025 guidance and Cantaloupe’s various long-term growth opportunities.
Synergies From AcquisitionThe acquisition should result in a host of synergies between the two companies, combining Cantaloupe’s leading U.S. share in traditional unattended verticals with 365’s leading U.S. share in micro markets.