Investcorp Europe Acquisition Corp I Amends Business Combination Agreement Following Divestiture of OpSec Security
Investcorp Europe Acquisition Corp I (IVCB)
Company Research
Source: Business Wire
OpSec Security to be acquired by Crane NXT for $270 million and Zacco to become stand-alone businessInvestcorp Europe’s Board of Directors evaluating amended BCA to consider merger with Zacco and intends to seek deadline extension to complete initial business combination NEW YORK--(BUSINESS WIRE)--Investcorp Europe Acquisition Corp I (Nasdaq: IVCB) (“Investcorp Europe”), a special purpose acquisition company, today announced an amendment to its previously announced business combination agreement (“BCA”), in connection with entry into an agreement for the sale of the OpSec Security business (“OpSec”) to Crane NXT, Co. for $270 million in cash.The transactions contemplated by the BCA have been restructured to effectuate the divestiture of the OpSec business and the separation of the Zacco line of business, a leading intellectual property management business headquartered in Copenhagen, Denmark, that was acquired by OpSec in April 2023. Since it was founded around 150 years ago, Zacco
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