Cantaloupe, Inc. has announced that it has entered into a definitive agreement to be acquired by 365 Retail Markets. As part of the transaction, Cantaloupe shareholders will receive $11.20 per share in cash, representing a 34% premium to the unaffected stock price. The deal, which has been unanimously approved by Cantaloupe's Board of Directors, is expected to close in the second half of 2025, pending customary closing conditions, including shareholder and regulatory approvals. Upon completion, Cantaloupe's common stock will be delisted from public stock exchanges. The acquisition aims to accelerate growth in unattended retail and enhance Cantaloupe's product offerings for its customers.
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