Travelport Agrees to $4.4 B Deal, Tivity to Buy Nutrisystem

Mukesh Buch
10 Dec, 2018
New York City

Mitek Systems received revised higher offer from ASG Technologies. Travelport agreed to be acquired for $4.4 billion. Tivity Health agreed to acquire Nutrisystem for $1.4 billion.

[R]1:05 PM New York City, New York – Mitek Systems received revised higher offer from ASG Technologies. Travelport agreed to be acquired for $4.4 billion. Tivity Health agreed to acquire Nutrisystem for $1.4 billion.[/R]

Tollbooth Index declined 333.42 or 2.2% to 14,882.09 but for the year-to-date soared 6%.

Earnings Review

Mitek Systems Inc ((MITK)) surged 13% or $1.17 to $10.14 after the identity verification and mobile capture software provider received revised higher cash offer of $11.50 per share from $10 per share from the privately held ASG Technologies Group Inc, represents 28.2% premium to the stock’s closing price on December 7.

Travelport Worldwide Limited dropped 2% or 32 cents to $15.40 after the U.K.-focused travel software provider agreed to be acquired by affiliates of Siris Capital Group LLC and Evergreen Coast Capital Corp in a cash transaction of about $4.4 billion.

Under the terms, Siris and Evergreen will acquire all the outstanding common shares of Travelport for $15.75 per share in cash.

The proposed deal is expected to close in the first-half of 2019.

Tivity Health Inc ((TVTY)) tumbled 32.9% or $13.35 to $27.26 after the fitness and health improvement provider agreed to acquire Nutrisystem Inc in a cash and stock deal for about $1.4 billion.

Under the terms, Nutrisystem shareholders will receive $38.75 per share in cash and 0.2141 Tivity Health shares.

Nutrisystem Inc share surged 28.3% to $43.87.