Cantaloupe to be acquired by 365 Retail Markets for $11.20 per share in cash
Cantaloupe (CTLP) announced it has entered into a definitive agreement to be acquired by 365 Retail Markets in an all-cash transaction with an equity value of approximately $848M. Cantaloupe shareholders will receive $11.20 per share in cash, a 34% premium to the unaffected stock price on May 30. 365 Retail Markets is a portfolio company of Providence Equity Partners. The transaction, unanimously approved by Cantaloupe’s board, is expected to close in the second half of 2025, subject to shareholder and regulatory approvals. Cantaloupe will become a privately-held company upon completion.
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