Acuren Corporation (NYSE: TIC) announced it will acquire NV5 Global, Inc. (NASDAQ: NVEE) in a $1.7 billion merger, combining the companies to generate approximately $2 billion in revenue. The deal values NV5 shares at $23 each, representing a premium over their pre-announcement trading price of around $20. Following the announcement, Acuren and NV5 shares rose significantly in pre-market trading, with TIC up about 12% and NVEE up nearly 17%. Halper Sadeh LLC has initiated an investigation to determine whether the merger terms are fair to shareholders. Both companies are recognized in their respective markets, with NV5 headquartered in Hollywood. The merger is expected to enhance the combined entity's market position and operational capabilities.
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Hollywood based NV5 Global $NVEE will merge with Acuren $TIC in $1.7B deal https://t.co/YSWQUY29lY
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