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IRVINE, Calif. - MeridianLink, Inc. (NYSE:MLNK), a financial technology company with annual revenue of $320 million and an impressive 71.6% gross margin, announced Monday it has entered into a definitive agreement to be acquired by funds advised by Centerbridge Partners in an all-cash transaction valuing the company at approximately $2 billion.
Under the terms of the agreement, MeridianLink shareholders will receive $20.00 per share in cash, representing a premium of approximately 26% over the closing price on August 8, the last full trading day before the announcement. According to InvestingPro, the stock had been trading near its 52-week low of $15.49, making the timing of this acquisition particularly strategic.
The transaction, unanimously approved by MeridianLink’s Board of Directors, is expected to close in the second half of 2025, subject to shareholder approval and regulatory clearances. Upon completion, MeridianLink will become a private company but remain headquartered in Irvine, California. InvestingPro data shows the company maintains strong liquidity with a healthy current ratio of 2.22, indicating solid financial positioning for this transition. Get access to 8 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
Holders of approximately 55% of MeridianLink’s common stock have agreed to vote in favor of the transaction.
"This is an exciting next step for MeridianLink," said Nicolaas Vlok, chief executive officer of MeridianLink, in a statement based on the company’s press release.
Larry Katz, President and CEO-designate of MeridianLink, stated the company plans to accelerate product innovation and enhance customer experiences with Centerbridge’s partnership.
Centerbridge, which manages approximately $43 billion in assets as of June 30, specializes in private equity, private credit, and real estate investments.
Centerview Partners LLC is serving as lead financial advisor to MeridianLink, with J.P. Morgan Securities LLC also providing financial advisory services. Goldman Sachs & Co. LLC is acting as financial advisor to Centerbridge.
MeridianLink provides cloud-based digital lending, account opening, and data verification software solutions to financial institutions and consumer reporting agencies. While the company is not currently profitable, InvestingPro analysis indicates net income is expected to grow this year, with analysts forecasting a return to profitability. Discover detailed financial metrics and expert insights in the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, MeridianLink Inc. reported its Q1 2025 earnings, revealing a revenue of $81.5 million, which slightly exceeded the forecast of $81.34 million. However, the company’s earnings per share (EPS) did not meet expectations, coming in at $0.09 compared to the anticipated $0.16. In addition to the earnings report, MeridianLink announced the appointment of Denise Cox as its new Chief Customer Officer. Cox brings over 20 years of experience from companies like Olo, Omnicell, Cisco, and NetApp and will oversee the services, support, and customer success teams at MeridianLink. These developments come as the company continues to focus on enhancing its customer-facing functions. There were no recent analyst upgrades or downgrades reported for MeridianLink.
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