Steel Excel to Acquire iGo, Inc. via Cash Stock Purchase and Short-Form Merger at $5.50/Share
January 7, 2022
iGo, Inc. announced that Steel Excel Inc., a wholly owned subsidiary of Steel Partners Holdings L.P., has entered stock purchase agreements with iGo stockholders to buy shares at $5.50 per common share in cash. After reaching control (more than 90% ownership), Steel Excel plans to merge with iGo on January 14, 2022 via a short-form merger so iGo becomes an indirect wholly owned subsidiary of Steel Excel.
- Buyers
- Steel Excel Inc., Steel Partners Holdings L.P.
- Targets
- iGo, Inc.
- Sellers
- certain stockholders of iGo (names not specified)
- Platforms
- Steel Excel Inc.
- Industry
- Manufacturing
- Location
- Missouri, United States
- Transaction Type
- Buyout
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