First Advantage Enters Definitive Purchase Agreement To Acquire Sterling Check For $2.2B In Cash And Stock, Including Sterling's Outstanding Debt
Author: Benzinga Newsdesk | February 29, 2024 07:15am
Certain entities advised by or affiliated with Goldman Sachs & Co. LLC., which own approximately 52.8% of Sterling's outstanding shares, entered into a support agreement. The transaction consideration is comprised of approximately $1.2 billion in cash and 27.15 million shares of First Advantage common stock. Under the terms of the agreement, Sterling shareholders will elect to receive either $16.73 in cash or 0.979 shares of First Advantage common stock for each Sterling share.
Posted In: FA STER