MGCD

AcronymDefinition
MGCDMaximum Gapless Coverage Distance
References in periodicals archive ?
Upon completion of the transaction, MGCD will become a privately held company.
MGCD's Board unanimously approved the acquisition agreement, which follows a review of strategic alternatives that the company announced on January 25, 2017.
In addition, MGCD directors and officers representing 8.9% of the outstanding shares have entered into tender support agreements with Altus.
According to the firm, the purchase price represents a 44% premium to the January 24, 2017 closing price of USD 7.65, and premiums of 25% and 37% to the MGCD respective closing prices on the dates one day and three months prior to the date of the announcement.
The proposed transaction is subject to customary closing conditions and approvals and the tender of a majority of MGCD outstanding shares.
Under the terms of the merger agreement, Altus will commence a tender offer for all MGCD outstanding shares as promptly as possible after November 27, 2017.
Upon completion of the transaction, which is expected to close in late 2017 or early 2018, MGCD will become a privately held company.