Idis Co., Ltd. Announces The Closing Of Its Acquisition Of Costar Technologies, Inc.
Acquiring Company
IDIS
Acquired Company
Costar Group
ArlingtonManufacturingSecurityManufacturingSoftwareVideoReal EstateSecurityAnalyticsCommercial Real EstateDescription
IDIS Co., Ltd. ("IDIS") (143160:KOSDAQ) and Costar Technologies, Inc. ("Costar") (OTC Markets Group: CSTI) are pleased to announce that pursuant to the terms of the previously announced merger agreement signed March 23, 2023 (the "Merger Agreement") IDIS has acquired all of the common stock of Costar (the "Costar Shares"). Following the acquisition, Costar will continue to operate as a wholly-owned subsidiary of IDIS. After customary working capital adjustments and payment of indebtedness and transaction expenses, Costar stockholders will receive approximately $4.90 in cash for each Costar Share and the Costar Shares will be delisted from the OTC Markets Group. With the acquisition of Costar, IDIS, the largest video surveillance manufacturer in South Korea, expands its global presence and further diversifies its product portfolio.
Quick answer
IDIS is acquiring Costar Group, announced August 18, 2023.
- How much did IDIS pay for Costar Group?
- The deal value was not disclosed.
- What does IDIS do?
- IDIS is a global security company that designs, develops, manufactures, and delivers surveillance solutions for a wide range of commercial and public sector markets.
- Where are IDIS and Costar Group based?
- Costar Group is based in Arlington, Virginia, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Costar Group?
Costar Group was acquired by IDIS. The deal was reported on August 18, 2023. IDIS is a global security company that designs, develops, manufactures, and delivers surveillance solutions for a wide range of commercial and public sector markets. IDIS is privately held and operates in Manufacturing.
When did IDIS acquire Costar Group?
IDIS's acquisition of Costar Group was reported on August 18, 2023. IDIS Co., Ltd. ("IDIS") (143160:KOSDAQ) and Costar Technologies, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Costar Group do?
Costar Group, Inc. is a leading provider of commercial real estate information, analytics, and online marketplaces. Its primary business activities include offering data solutions and insights that help real estate professionals make informed decisions. It is publicly traded (CSGP), operating in Manufacturing, and is based in Arlington.
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