ENGLEWOOD CLIFFS, N.J., Sept. 29, 2020 (GLOBE NEWSWIRE) — Asta Funding, Inc. (NASDAQ: ASFI) (“Asta” or the “Company”) introduced that its merger whereby the Company has grow to be a wholly-owned subsidiary of Asta Finance Acquisition, Inc. is full. The transaction was beforehand introduced on April 8, 2020.
Asta will function as an unbiased, privately-held firm and can stay based mostly in Englewood Cliffs, New Jersey.
“I would like to thank all of the Company’s stockholders for their support over the many years,” mentioned Gary Stern, Chairman, Founding President and Chief Executive Officer of Asta.
Under the phrases of the merger settlement, Asta’s stockholders will obtain $13.10 per share in money. As a results of the closing of the transaction, Asta’s widespread inventory has ceased buying and selling as of immediately on the NASDAQ Global Select Market and will probably be delisted.
Advisors
Lincoln International LLC is serving as monetary advisor to the Special Committee, Tannenbaum Helpern Syracuse & Hirschtritt LLP is serving as authorized counsel to the Special Committee, and Troutman Pepper Hamilton Sanders LLP is serving as authorized counsel to the Company.
About Asta
Asta Funding, Inc., headquartered in Englewood Cliffs, New Jersey, is a diversified monetary companies firm that assists shoppers and serves traders by means of the strategic administration of three complementary business segments: client receivables, social safety incapacity advocacy and private harm claims. For extra data, please go to http://www.astafunding.com.
For extra data:
Seth Berman
General Counsel
(201) 308-9301
[email protected]
