Cardinal Infrastructure Amends Hughes Brothers Acquisition Agreement
Cardinal Infrastructure Group entered into an amended agreement to acquire Hughes Brothers Construction Inc.
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11:30:39 AM UTC
SquawkNews
CDNL CDNL - Cardinal Infrastructure Group (CDNL) Enters into Amended Agreement for Acquisition of Hughes Brothers Construction Inc.
11:31:06 AM UTC
SquawkNews
Cardinal amended its agreement to buy Hughes Brothers, keeping the $357.5M price but shifting consideration to 60% cash/40% stock. Earnout of up to $162.5M remains, now also 60% cash/40% stock. Closing expected in Q4 2026, subject to approvals.Material DetailsContext by AI AnalystThis is a mid-cycl…