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Stock impact report

Cross Country Healthcare Merger Agreement with Aya Healthcare Terminated

Cross Country Healthcare, Inc. (CCRN) 
Last cross country healthcare, inc. earnings: 3/4 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.crosscountryhealthcare.com
Company Research Source: Business Wire
Cross Country to Immediately Commence Share Repurchases Under Existing $40 million Authorization BOCA RATON, Fla.--(BUSINESS WIRE)--Cross Country Healthcare, Inc. (the “Company” and “Cross Country Healthcare”) (Nasdaq: CCRN) today announced the termination of its Agreement and Plan of Merger (the “Merger Agreement” and, the transactions contemplated thereby, the “Aya Merger”) with Aya Holdings II Inc., a Delaware corporation (“Parent”), Spark Merger Sub One Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), and, solely for purposes of Section 11.14 thereto, Aya Healthcare, Inc. (“Aya Healthcare”). In connection with the termination of the Merger Agreement, Aya Healthcare is required to pay Cross Country Healthcare a termination fee of $20 million.As previously disclosed, the consummation of the Merger Agreement was subject to the satisfaction of a number of closing conditions, including, without limitation, the successful completion of a review by Show less Read more
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